SEC Form 4 · accession 0000704051-16-000145
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
May 13, 2016
Accepted (ET)
May 17, 2016 · 2:24 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 Stock | May 13, 2016 | A | 7,170 | $0.00 | A | 48,588 | 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)F1 | $31.24 | May 13, 2016 | A | 28,444 | A | May 13, 2017 | May 13, 2024 | Common Stock | 28,444 | 28,444 | D |
Explanation of responses
- F1Employee stock options vest serially over four years commencing on May 31, 2017.