SEC Form 4 · accession 0000704051-16-000110
LEGG MASON, INC. · LM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Sullivan
Officer — Chairman, President & CEO · Director
Period of report
Feb 1, 2016
Accepted (ET)
Feb 2, 2016 · 2:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000704051
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 1, 2016 | M | 70,822 | $14.81 | A | 360,811 | D | |
| Common StockF1 | Feb 1, 2016 | S | 53,418 | $29.70 | D | 307,393 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to buy)F2 | $14.81 | Feb 1, 2016 | M | 70,822 | D | Jul 23, 2009 | Jul 22, 2016 | Common Stock | 70,822 | 0 | D |
Explanation of responses
- F1Represents a sale of shares upon the exercise of options, to pay the option exercise price and related tax withholding.
- F2Employee stock options vested serially over five years commencing on July 23, 2009.