Lazard, Inc. — Director's Dealing 2021

Mar 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2021-03-01

Reporting Person: Soto Alexandra (Exec Human Capital & Workplace)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Class A Common Stock	M	62959	—	Acquired	77643	Direct
2021-03-01	Class A Common Stock	F	29593	$38.69	Disposed	48050	Direct
2021-03-02	Class A Common Stock	M	729	—	Acquired	48779	Direct
2021-03-02	Class A Common Stock	F	345	$40.52	Disposed	48434	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Restricted Stock Units	$	M	62959	Disposed	2021-03-01	Class A Common Stock (62959)	Direct
2021-03-02	Restricted Stock Units	$	A	1918	Acquired		Class A Common Stock (1918)	Direct
2021-03-02	Restricted Stock Units	$	M	729	Disposed	2021-03-02	Class A Common Stock (729)	Direct

Footnotes

F1: Shares of Class A Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units
("RSUs"), including certain RSUs that had been acquired pursuant to the dividend equivalent
reinvestment provisions of the underlying RSU awards.

F2: Represents shares of Class A Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (1) and the first sentence of Footnote (7).

F3: Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of
the RSUs referenced in Footnote (1).

F4: Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of the RSUs referenced in the first sentence of Footnote (7).

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

F6: Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F7: Of these RSUs, 729 related to RSUs that vested on March 1, 2021 and, therefore, such RSUs vested on March 2, 2021. Of the remaining RSUs, 772 will vest on or around March 1, 2022, 293 will vest on or around March 1, 2023, and 124 will vest on or around March 1, 2024.