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: Orszag Peter Richard (CEO of Financial Advisory)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Class A Common Stock	M	15981	—	Acquired	15981	Direct
2021-03-01	Class A Common Stock	F	8506	$38.69	Disposed	7475	Direct
2021-03-02	Class A Common Stock	M	185	—	Acquired	7660	Direct
2021-03-02	Class A Common Stock	F	99	$40.52	Disposed	7561	Direct
2021-03-02	Restricted Class A Common Stock	A	121	—	Acquired	10522	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Restricted Stock Units	$	M	15981	Disposed	2021-03-01	Class A Common Stock (15981)	Direct
2021-03-02	Restricted Stock Units	$	A	185	Acquired	2021-03-02	Class A Common Stock (185)	Direct
2021-03-02	Restricted Stock Units	$	M	185	Disposed	2021-03-02	Class A Common Stock (185)	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 Footnotes (1) and (9).

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 Footnote (9).

F5: 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.

F6: Additional shares of Restricted Class A Common Stock were acquired pursuant to the dividend equivalent reinvestment provisions of underlying restricted stock awards.

F7: Amount excludes 101,233 Restricted Participation Units directly or indirectly owned by the reporting person.

F8: Each RSU represents a contingent right to receive one share of Class A Common Stock.

F9: Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSUs described in Footnote (1) above that were outstanding on the dividend record date and that vested on March 1, 2021. These RSUs vested on March 2, 2021.