X0202 4 2006-11-30 0000806085 LEHMAN BROTHERS HOLDINGS INC LEH 0001227421 FULD RICHARD S JR LEHMAN BROTHERS 745 SEVENTH AVENUE NEW YORK NY 10019 1 1 0 0 Chairman of the Board and CEO Common Stock 2006-11-30 4 M 0 64333 0 A 1993583.1823 D Common Stock 2006-11-30 4 M 0 62066 0 A 2055649.1823 D Common Stock 2006-11-30 4 M 0 41224 0 A 2096873.1823 D Common Stock 2006-11-30 4 M 0 2374 0 A 2099247.1823 D Common Stock 2006-11-30 4 F 0 74460 73.67 D 2024787.1823 D Common Stock 32184 I Shares held by daughter- C Common Stock 32184 I Shares held by daughter- J Common Stock 352838 I Shares held by GRAT #3 Common Stock 125162 I Shares held by GRAT #6 Common Stock 123500 I Shares held by GRAT #7 Common Stock 600000 I Shares held by GRAT #8 Common Stock 34554 I Shares held by son 1996-1997 Performance Stock Units 0 2006-11-30 4 A 0 2463956 0 A Common Stock 2463956 2463956 D 2001 Performance Stock Units 0 2006-11-30 4 M 0 64333 0 D Common Stock 64333 128666 D 2001 PSU Dividend 0 2006-11-30 4 A 0 1192 0 A Common Stock 1192 2374 D 2001 PSU Dividend 0 2006-11-30 4 M 0 2374 0 D Common Stock 2374 0 D 2002 Performance Stock Units 0 2006-11-30 4 M 0 41224 0 D Common Stock 41224 80918 D 2003 Performance Stock Units 0 2006-11-30 4 M 0 62066 0 D Common Stock 62066 121332 D Pursuant to their terms, a one-third increment of the 2001 Performance Stock Units, 2002 Performance Stock Units and 2003 Performance Stock Units converted to freely transferable Common Stock on November 30, 2006. Performance Stock Units which were previously earned and reported as 2001 Performance Stock Units, 2002 Performance Stock Units and 2003 Performance Stock Units, all of which were granted in the form of Restricted Stock Units, vest and convert to Common Stock in one-third increments on November 30 in each of 2006, 2007 and 2008. This one-third increment converted to freely transferable Common Stock on November 30, 2006. Total includes additional amounts received to date pursuant to dividend reinvestment. Dividends paid on various dates. Total of all Performance Stock Units received to date as dividends on the related Performance Stock Unit award. Includes shares held in various benefit plans. Applicable taxes due upon conversion of Performance Stock Units paid by withholding of shares. On November 30, 2006, with the approval of the Compensation and Benefits Committee, the Reporting Person agreed to the modification of the vesting terms of the 1996-1997 Performance Stock Units as described herein rather than payment following a change in control or under such other circumstances as the Compensation and Benefits Committee might determine. The modified 1996-1997 Performance Stock Units will vest in ten equal annual installments from 2007 to 2016 with each year's annual installment vesting on November 30th of such year provided the Reporting Person continues to be an employee on the vesting date of such installment. Vested installments will remain subject to forfeiture for detrimental behavior for two years, after which time they will convert to Common Stock and be issued to the Reporting Person. Jeffrey A. Welikson, Attorney-in-fact 2006-12-01