SEC Form 4 · accession 0000704051-16-000123
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
Apr 15, 2016
Accepted (ET)
Apr 19, 2016 · 4:07 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 | — | — | — | 307,888 | D | ||
| Common Stock | holding | — | — | — | 4,609 | I | By 401K |
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 | 22 | A | — | — | Common Stock | 22 | 3,436 | D |
Explanation of responses
- F1Includes the acquisition of 494.65 shares of Legg Mason, Inc. Common Stock pursuant to the Legg Mason, Inc. Employee Stock Purchase Plan (the "Plan") for dates February 2nd, February 17th, February 29th, March 15th, March 31st and April 12th, 2016 with prices ranging from $24.23 to $32.08. Also includes 76.32 shares acquired pursuant to the Plan on January 12th, 2016 but not previously reported due to administrative error.
- 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