X0306 4 2019-02-21 0 0001311370 Lazard Ltd LAZ 0001450474 Stern Alexander F. C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 0 1 0 0 Chief Operating Officer Performance-based Restricted Stock Units 2019-02-21 4 A 0 230511 A Class A Common Stock 230511 316922 D Represents prior grants of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2015, 2016 and 2017 for which performance conditions have been satisfied. The grants were previously reflected in the Company's proxy statements for the relevant years. Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Class A Common Stock. Of these PRSUs, 186,931 will vest on or around March 1, 2019, 24,099 will vest on or around March 2, 2020, and 19,481 will vest on or around March 1, 2021. Amount excludes 125,702 shares of Class A Common Stock and 45,129 Restricted Stock Units directly or indirectly beneficially owned by the reporting person. /s/ Alexander F. Stern by Scott D. Hoffman under a P of A 2019-02-25