SEC Form 4 · accession 0000704051-16-000122
LEGG MASON, INC. · LM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas C Merchant
Officer — Exec VP & General Counsel
Period of report
Apr 15, 2016
Accepted (ET)
Apr 19, 2016 · 3:56 pm EDT
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 StockF1 | holding | — | — | — | 42,896 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F3 | — | Apr 15, 2016 | A | 9 | A | — | — | Common Stock | 9 | 1,357 | D |
Explanation of responses
- F1Includes the acquisition of 3.71 shares of Legg Mason, Inc. Common Stock pursuant to the Legg Mason, Inc. Employee Stock Purchase Plan (the "Plan")for date April 12th, 2016 at a price of $32.08. Due to administrative error, 66.31 shares of Legg Mason, Inc. Common Stock were incorrectly reported as acquired on January 12th, 2016 pursuant to the Plan and have been subtracted from the total.
- F2Phantom Stock Units acquired pursuant to and under conditions of the Legg Mason & Co., LLC Deferred Compensation/Phantom Stock Plan, as amended. See Exhibit 10.4 of the Form 10-K for the fiscal year ended March 31, 2009.
- F31-for-1