X0202 4 2007-06-13 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 2007-06-13 4 M 0 800000 27.21 A 2712547.7505 D Common Stock 2007-06-13 4 S 0 19000 77.2 D 2693547.7505 D Common Stock 2007-06-13 4 S 0 31000 77.22 D 2662547.7505 D Common Stock 2007-06-13 4 S 0 43000 77.3 D 2619547.7505 D Common Stock 2007-06-13 4 S 0 7000 77.36 D 2612547.7505 D Common Stock 2007-06-13 4 S 0 2000 77.49 D 2610547.7505 D Common Stock 2007-06-13 4 S 0 5700 77.5 D 2604847.7505 D Common Stock 2007-06-13 4 F 0 280668 77.558 D 2324179.7505 D Common Stock 2007-06-13 4 F 0 227468 77.558 D 2096711.7505 D Common Stock 2007-06-13 4 S 0 1000 77.643 D 2095711.7505 D Common Stock 2007-06-13 4 S 0 1 77.67 D 2095710.7505 D Common Stock 2007-06-13 4 S 0 863 77.703 D 2094847.7505 D Common Stock 2007-06-13 4 S 0 100000 77.71 D 1994847.7505 D Common Stock 2007-06-13 4 S 0 32300 77.73 D 1962547.7505 D Common Stock 2007-06-13 4 S 0 35200 77.74 D 1927347.7505 D Common Stock 2007-06-13 4 S 0 14800 77.75 D 1912547.7505 D Common Stock 24404 I Shares held by daughter- C Common Stock 24404 I Shares held by daughter- J Common Stock 478000 I Shares held by GRAT #3 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 December 2002 Options 27.21 2007-06-13 4 M 0 800000 0 D 2007-12-10 Common Stock 800000 0 D Applicable taxes due upon exercise of stock options paid by withholding of shares. Exercise price paid by delivery of already-owned shares. Exercisable as of June 11, 2007 provided that commencing November 30, 2004 the options become exercisable any time the market price of the Issuer's Common Stock equals or exceeds a certain threshold. Includes shares held in various benefit plans. Jeffrey A. Welikson, Attorney-in-fact 2007-06-15