Lazard, Inc. — Director's Dealing 2022

Mar 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2022-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-01	Restricted Class A Common Stock	M	3668	—	Disposed	7325	Direct
2022-03-01	Class A Common Stock	M	3668	—	Acquired	11229	Direct
2022-03-01	Class A Common Stock	M	62019	—	Acquired	73248	Direct
2022-03-01	Class A Common Stock	D	7561	$34.58	Disposed	65687	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-01	Restricted Participation Units	$	M	62019	Disposed		Class A Common Stock (62019)	Direct

Footnotes

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

F2: Shares of Class A Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("RPU") into shares of Class A Common Stock.

F3: Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the exchange of RPUs referenced in Footnote (2).

F4: Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the exchange date of the RPUs referenced in Footnote (2).

F5: Represents a prior grant of RPUs awarded with respect to compensation for 2018 for which service and other conditions have been satisfied.

F6: 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.