SEC Form 4 · accession 0000704051-17-000042
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
May 15, 2017
Accepted (ET)
May 17, 2017 · 12:53 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 | May 15, 2017 | A | 44,102 | $0.00 | A | 394,601 | D | |
| Common StockF2 | holding | — | — | — | 5,604 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to buy)F3 | $37.64 | May 15, 2017 | A | 199,280 | A | May 31, 2018 | May 15, 2025 | Common Stock | 199,280 | 199,280 | D |
Explanation of responses
- F1Includes the acquisition of 152.70 shares of Legg Mason, Inc. Common Stock pursuant to the Legg Mason, Inc. Employee Stock Purchase Plan for date May 15th at a price of $32.96.
- F2Includes 441.29 units acquired under the Legg Mason Profit Sharing and 401(K)Plan and Trust since the date of the reporting person's last ownership report. Units represent ownership interest in Legg Mason's stock fund.
- F3Employee stock options vest serially over four years commencing on May 31, 2018.