X0202 4 2007-03-21 0 0000202375 LAZARE KAPLAN INTERNATIONAL INC LKI 0000921663 TEMPELSMAN MAURICE 19 WEST 44TH STREET 16TH FLOOR NEW YORK NY 10036 1 1 1 0 Chairman of the Board Common Stock 2007-03-21 2007-03-21 4 J 0 1250129 0 A 1250129 D Common Stock 2007-03-21 2007-03-21 4 J 0 1250129 0 D 1730409 I Three Grantor Retained Annuity Trusts Common Stock 5261 D Common Stock 1528416 I Partnership Stock Option (Right to Buy) Common Stock 133333 133333 D On March 21, 2007, the Trustee of three Grantor Retained Annuity Trusts for the reporting person distributed 1,250,129 shares from such trusts to the reporting person, who immediately contributed such shares to a new Grantor Retained Annuity Trust. After such distribution, in addition to the new GRAT, the reporting person has two remaining Grantor Retained Annuity Trusts which contain 166,539 and 313,741 shares of common stock, respectively, previously directly held by the reporting person. The shares are owned by a partnership of which the reporting person is a general partner. Consists of Employee Stock Options granted under the Lazare Kaplan International Inc. Long Term Stock Incentive Plan. Maurice Tempelsman 2007-03-23