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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1311370	Lazard Ltd	LAZ	Investment Advice (6282)	980437848

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1327848	Charles Ward	C/O Lazard Ltd 30 Rockefeller Plaza New York NY 10020	President	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2010-03-19	7,522	$0.00	7,522	No	4	C	Direct
Class A Common Stock	Disposition	2010-03-19	7,522	$35.90	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class II Interests of LAZ-MD Holdings LLC	Disposition	2010-03-19	7,522	$0.00	7,522	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
507,523			No	4	C	Direct

Footnotes

The shares of Class A common stock were acquired upon the exchange of Class II interests of LAZ-MD Holdings LLC. See footnote 3 below.
Public offering price.
The Class II Interests of LAZ-MD Holdings are exchangeable on a one for one basis for Class A comon stock of Lazard Ltd. The reporting person has satisfied certain minimum service requirements and therefore the Class II Interests issued to him on May 10, 2005 became exchangeable as follows: one-third on May 10, 2008; one-third on May 10, 2009; and the final one-third will become exchangeable on May 10, 2010.
The Class II interests exchanged above became exchangeable on May 10, 2009.
The remaining Class II interests held by the reporting person will become exchangeable on May 10, 2010.