SEC Form 4 · accession 0000704051-18-000059

LEGG MASON, INC. · LM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr. Executive Vice President

Period of report

May 15, 2018

Accepted (ET)

May 17, 2018 · 5:16 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^F1	May 15, 2018	A	76,609	$0.00	A	461,932	D
Common Stock	May 16, 2018	M	34,626	$33.25	A	496,558	D
Common Stock	May 16, 2018	S	1,300	$38.69	D	495,258	D
Common Stock	May 16, 2018	S	2,572	$38.70	D	492,686	D
Common Stock	May 16, 2018	S	6,736	$38.69	D	485,950	D
Common Stock	May 16, 2018	S	100	$38.87	D	485,850	D
Common Stock	May 16, 2018	S	2,600	$38.86	D	483,250	D
Common Stock	May 16, 2018	S	4,628	$38.85	D	478,622	D
Common Stock	May 16, 2018	S	2,000	$38.86	D	476,622	D
Common Stock	May 16, 2018	S	6,200	$38.87	D	470,422	D
Common Stock	May 16, 2018	S	5,200	$38.88	D	465,222	D
Common Stock^F3	holding	—	—		—	6,026	I	By 401K

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options (Right to buy)^F4	$33.25	May 16, 2018	M	34,626	D	May 31, 2011	May 18, 2018	Common Stock	34,626	0	D

F1Includes the acquisition of 146.76 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 $34.30.
F2The sales reported in this Form 4 were effected for the purpose of covering exercise cost, taxes, commissions and fees upon exercise of options pursuant to a Rule 10b5-1 trading plan adopted by the person on October 30, 2017.
F3Includes 422.34 units acquired under the Legg Mason Profit Sharing and 401(k)Plan and Trust since the date of the person's last ownership report. Units represent ownership interest in Legg Mason's stock fund.
F4Employee stock options vest serially over 5 years commencing on May 31, 2011.