X0306 4 2017-05-15 0001311370 Lazard Ltd LAZ 0001073157 JACOBS KENNETH M C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 true true Chairman and CEO Restricted Class A Common Stock 2017-05-15 4 M 0 5644 A 118054 D Restricted Stock Units 2017-05-15 4 M 0 5644 D Restricted Class A Common Stock 5644 0 D The reporting person is eligible for retirement under the Company's RSU Retirement Policy, which is described in the Company's 2017 Proxy Statement. As a result, certain Restricted Stock Units ("RSUs") that were previously granted to the reporting person pursuant to the dividend equivalent reinvestment provisions of an underlying Performance-based Restricted Stock Unit ("PRSU") award are no longer subject to the service-based vesting requirements contained in the underlying award agreement. Such RSUs have now become subject to taxation and have been settled in the form of Restricted Class A Common Stock. The Restricted Class A Common Stock, excluding the portion that the reporting person is permitted to sell in order to pay the related taxes (in accordance with the applicable award agreement), will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreement until the original vesting date set forth in the award agreement. Amount excludes 1,499,937 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person. /s/ Kenneth M. Jacobs by Scott D. Hoffman under a P of A 2017-05-15