SEC Form 4 · accession 0000704051-18-000060
LEGG MASON, INC. · LM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Patricia Lattin
Officer — Executive Vice President
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 5:24 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 15, 2018 | A | 5,809 | $0.00 | A | 41,445 | D | |
| Common Stock | May 15, 2018 | M | 974 | $33.25 | A | 42,419 | D | |
| Common Stock | May 16, 2018 | S | 898 | $38.95 | D | 41,521 | 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 | $33.25 | May 16, 2018 | M | 974 | D | May 31, 2011 | May 18, 2018 | Common Stock | 974 | 3,893 | D |
Explanation of responses
- F1The 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.
- F2Employee stock options vest serially over 5 years commencing on May 31, 2011.