Lazard, Inc. — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2021-02-17

Reporting Person: Orszag Peter Richard (CEO of Financial Advisory)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-17	Restricted Participation Units	$	A	39214	Acquired		Class A Common Stock (39214)	Direct

Footnotes

F1: These Restricted Participation Units ("RPUs") will vest on or around March 1, 2023.

F2: Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Class A Common Stock.

F3: Amount excludes 10,401 shares of Restricted Class A Common Stock and 15,981 Restricted Stock Units directly or indirectly beneficially owned by the reporting person.