X0306 4 2019-05-17 0 0001311370 Lazard Ltd LAZ 0001326139 Hoffman Scott D C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 0 1 0 0 CAO and General Counsel Restricted Class A Common Stock 2019-05-17 4 M 0 819 A 24416 D Restricted Stock Units 2019-05-17 4 A 0 819 A Class A Common Stock 819 819 D Restricted Stock Units 2019-05-17 4 M 0 819 D Restricted Class A Common Stock 819 0 D Restricted Stock Units ("RSUs") granted to the reporting person pursuant to the dividend equivalent reinvestment provisions of underlying Performance-based Restricted Stock Unit ("PRSU") awards are being treated as subject to taxation and have been settled in the form of Restricted Class A Common Stock. The Restricted Class A Common Stock, excluding the portion that the reporting person is permitted to sell in order to pay the related taxes (in accordance with the applicable award agreements), will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth therein. Amount excludes 184,023 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person. RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSU awards. Each RSU represents a contingent right to receive one share of Class A Common Stock. Of these RSUs, 364 will vest on or around March 2, 2020 and 455 will vest on or around March 1, 2021. /s/ Scott D. Hoffman 2019-05-21