X0306 4 2014-02-18 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 2014-02-18 4 A 0 926 0 A Class A common stock 926 69688 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 quarterly cash fees. The Deferred Stock Units will be converted into Lazard Ltd Class A common stock on a one-for-one basis upon the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard Ltd. /s/ Steven J. Heyer by Scott D. Hoffman under a P of A 2014-02-20