SEC Form 4 · accession 0000704051-17-000013
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
Feb 16, 2017
Accepted (ET)
Feb 17, 2017 · 12:36 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 16, 2017 | M | 7,500 | $27.45 | A | 56,101 | D | |
| Common StockF1 | Feb 16, 2017 | S | 6,595 | $36.06 | D | 49,506 | 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 | $27.45 | Feb 16, 2017 | M | 7,500 | D | Jul 23, 2010 | Jul 22, 2017 | Common Stock | 7,500 | 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, 2010.