SEC Form 4/A · accession 0000704051-18-000061
LEGG MASON, INC. · LM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Thomas C Merchant
Officer — Exec VP & General Counsel
Period of report
May 15, 2018
Accepted (ET)
May 18, 2018 · 2:12 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 | 11,715 | $0.00 | A | 65,940 | D | |
| Common StockF1 | May 16, 2018 | M | 2,801 | $33.25 | A | 68,741 | D | |
| Common Stock | May 16, 2018 | S | 2,537 | $38.80 | D | 66,204 | 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)F3 | $33.25 | May 16, 2018 | M | 2,801 | D | — | May 18, 2018 | Common Stock | 2,801 | 0 | D |
Explanation of responses
- F1Due to administrative error, the transaction date for the option exercise was incorrectly reported and has been adjusted to reflect the correct transaction date.
- 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.
- F3Employee stock options vests serially over five years and commenced on May 31, 2011.