X0306 4 2021-03-01 0 0001311370 Lazard Ltd LAZ 0001073157 JACOBS KENNETH M C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 1 1 0 0 Chairman and CEO Restricted Class A Common Stock 2021-03-01 4 M 0 124943 D 0 D Class A Common Stock 2021-03-01 4 M 0 124943 A 1568707 D Class A Common Stock 2021-03-02 4 M 0 1875 A 1570582 D Restricted Stock Units 2021-03-02 4 A 0 1875 A 2021-03-02 2021-03-02 Class A Common Stock 1875 1875 D Restricted Stock Units 2021-03-02 4 M 0 1875 D 2021-03-02 2021-03-02 Class A Common Stock 1875 0 D Shares of unrestricted Class A Common Stock were acquired upon the vesting of a prior grant of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2017, including certain Restricted Stock Units ("RSUs") that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying PRSU award. The grant was previously reflected in the Company's proxy statements. The PRSUs and RSUs that had been acquired pursuant to the award had previously been converted into shares of Restricted Class A Common Stock in connection with the reporting person's retirement eligibility and such shares remained subject to vesting. Amount excludes 584,279 shares of Class A Common Stock indirectly beneficially owned by the reporting person by trust and 136,231 Performance-based Restricted Participation Units directly or indirectly owned by the reporting person. Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSUs described in Footnote (1) that were outstanding on the dividend record date and vested March 1, 2021. These RSUs vested on March 2, 2021. Each RSU represents a contingent right to receive one share of Class A Common Stock. /s/ Kenneth M. Jacobs by Scott D. Hoffman under a P of A 2021-03-03