X0202 4 2007-12-07 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 2007 Restricted Stock Units 0 2007-12-07 4 A 0 551441.63 0 A Common Stock 551441.63 551441.63 D Performance-Based Restricted Stock Units 0 2007-12-07 4 A 0 97366.47 0 A Common Stock 97366.47 97366.47 D Performance-Based Restricted Stock Units granted on December 8, 2006 contingent on achievement of a specified performance goal; attainment of such performance goal was certified on December 7, 2007. Performance-Based Restricted Stock Units vest and convert to Common Stock on November 30, 2011, subject to accelerated vesting and issuance if and when target stock prices are achieved, but no earlier than one-third of the award on November 30 in each of 2007, 2008 and 2009. 20% of the 2007 Restricted Stock Units vest on November 30, 2008, 20% vest on November 30, 2009 and 60% vest on November 30, 2010; all such RSUs convert to Common Stock on November 30, 2012. Jeffrey A. Welikson, Attorney-in-fact 2007-12-11