Lazard, Inc. — Director's Dealing 2021

May 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2021-05-21

Reporting Person: RAGONE DOMINICK (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-21	Restricted Class A Common Stock	A	89	—	Acquired	14606	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-21	Restricted Stock Units	$	A	235	Acquired		Class A Common Stock (235)	Direct

Footnotes

F1: The Restricted Class A Common Stock will vest in two tranches: approximately 33% will vest on or around March 1, 2022 and approximately 67% will vest on or around March 1, 2023.

F2: Additional shares of Restricted Class A Common Stock were acquired pursuant to the dividend equivalent reinvestment provisions of underlying restricted stock awards.

F3: Amount excludes 26,122 shares of Class A Common Stock directly or indirectly owned by the reporting person.

F4: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F5: Each RSU represents a contingent right to receive one share of Class A Common Stock.

F6: Of these RSUs, 93 will vest on or around March 1, 2022, 88 will vest on or around March 1, 2023 and 54 will vest on or around March 1, 2024.