X0306 4 2021-03-01 0 0001311370 Lazard Ltd LAZ 0001450474 Stern Alexander F. C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 0 1 0 0 President Class A Common Stock 2021-03-01 4 M 0 136364 A 324585 D Class A Common Stock 2021-03-01 4 M 0 15675 A 340260 D Class A Common Stock 2021-03-01 4 D 0 74439 38.69 D 265821 D Class A Common Stock 2021-03-01 4 S 0 50000 38.69 D 215821 D Class A Common Stock 2021-03-02 4 M 0 1756 A 217577 D Performance-based Restricted Stock Units 2021-03-01 4 M 0 136364 D 2021-03-01 2021-03-01 Class A Common Stock 136364 0 D Restricted Stock Units 2021-03-01 4 M 0 15675 D 2021-03-01 2021-03-01 Class A Common Stock 15675 0 D Restricted Stock Units 2021-03-02 4 A 0 1756 A 2021-03-02 2021-03-02 Class A Common Stock 1756 1756 D Restricted Stock Units 2021-03-02 4 M 0 1756 D 2021-03-02 2021-03-02 Class A Common Stock 1756 0 D Shares of Class A Common Stock were acquired upon the vesting of a prior grant of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2017, including certain Restricted Stock Units ("RSUs") that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying PRSU award. The grant was previously reflected in the Company's proxy statements. Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the vesting of PRSUs and RSUs. Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of PRSUs and RSUs referenced in Footnote (1). Represents shares of Class A Common Stock sold to the Company. Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the transaction date. Amount excludes 88,278 Performance-based Restricted Participation Units directly or indirectly owned by the reporting person. Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Class A Common Stock. Each RSU represents a contingent right to receive one share of Class A Common Stock. Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSUs and RSUs described in Footnote (1) above that were outstanding on the dividend record date and that vested on March 1, 2021. These RSUs vested on March 2, 2021. /s/ Alexander F. Stern by Scott D. Hoffman under a P of A 2021-03-03