SEC Form 4 · accession 0000704051-18-000063
LEGG MASON, INC. · LM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terence Johnson
Officer — Executive Vice President
Period of report
May 17, 2018
Accepted (ET)
May 18, 2018 · 2:17 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 17, 2018 | M | 5,781 | $33.25 | A | 113,592 | D | |
| Common Stock | May 17, 2018 | F | 4,928 | $39.00 | D | 108,664 | 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 17, 2018 | M | 5,781 | D | — | May 18, 2018 | Common Stock | 5,781 | 0 | D |
Explanation of responses
- F1The transaction reported in this Form 4 was effected for the purpose of covering exercise cost, commissions and fees upon exercise of options.
- F2Employee stock options vests serially over five years and commenced on May 31, 2011.