REFILE-UPDATE 1-Lazard shares offered to public for $37

(Fixes spelling to "offered," drops extraneous word in headline) (Adds details on shares sale)

NEW YORK, Sept 3 (Reuters) - Lazard Ltd (LAZ.N) said on Wednesday common stock being offered to the public this month by existing shareholders will be priced at $37 per share.

Executives will sell 6.44 million shares to the public, raising about $238 million, in an offering managed by Lazard Capital Markets and Goldman Sachs (GS.N), which managed Lazard's IPO in 2005. Lazard will not receive any proceeds from the sales.

If investor demand is strong, the offering may reach a total of 7.87 million shares.

Following the sale of the shares, current and former Lazard executives will own 50.4 percent of Lazard Ltd, the company said in a statement.

Among the executives selling the biggest blocks are Kenneth Jacobs, Gary Parr, Charles Ward and Steve Golub, each selling more than 280,000 shares and raising gross proceeds of nearly $10.4 million apiece.

Bruce Wasserstein, the company's chief executive and largest individual shareholder, is not selling shares in the offering. (Reporting by Phil Wahba; Editing by Gary Hill)