X0202 4 2007-11-30 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 2007-11-30 4 M 0 62614 0 A 2025143.2005 D Common Stock 2007-11-30 4 M 0 41587 0 A 2066730.2005 D Common Stock 2007-11-30 4 M 0 215633 0 A 2282363.2005 D Common Stock 2007-11-30 4 M 0 67295 0 A 2349658.2005 D Common Stock 2007-11-30 4 F 0 202587 62.63 D 2147071.2005 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 350022 I Shares held by GRAT #8 Common Stock 200000 I Shares held by GRAT #9 Common Stock 34554 I Shares held by son 2001 Performance Stock Units 0 2007-11-30 4 M 0 67295 0 D Common Stock 67295 64333 D 2002 Performance Stock Units 0 2007-11-30 4 M 0 41587 0 D Common Stock 41587 40000 D 2002 Restricted Stock Units 0 2007-11-30 4 M 0 215633 0 D Common Stock 215633 0 D 2003 Performance Stock Units 0 2007-11-30 4 M 0 62614 0 D Common Stock 62614 60667 D Restricted Stock Units which were previously earned and reported converted to freely transferable Common Stock on November 30, 2007. Total includes additional amounts received to date pursuant to dividend reinvestment. Pursuant to their terms, the 2002 Restricted Stock Units converted to freely transferable Common Stock on November 30, 2007. Includes shares held in various benefit plans. Applicable taxes due upon conversion of Restricted Stock Units and Performance Stock Units paid by withholding of shares. 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, 2007. 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, 2007. Jeffrey A. Welikson, Attorney-in-fact 2007-12-04