X0303 4 2010-02-12 0001311370 Lazard Ltd LAZ 0001161492 HEYER STEVEN J C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10020 1 0 0 0 Deferred Stock Units 2010-02-12 4 A 0 783 0 A Class A common stock 783 24785 D The reporting person elected to receive additional Deferred Stock Units under the Directors' Fee Deferral Unit Plan, which allows Non-Executive Directors to elect to receive additional Deferred Stock Units pursuant to either the 2005 Equity Incentive Plan or the 2008 Incentive Compensation Plan, in lieu of some or all of their quarterly cash fees. The Deferred Stock Units of Lazard Ltd shall be converted into Lazard Ltd Class A common stock on a one-for-one basis upon the reporting person's retirement or resignation from the Board of Directors of Lazard Ltd. /s/ Steven J. Heyer by Scott D. Hoffman under a P of A 2010-02-17