SEC Form 4 · accession 0000704051-18-000108
LEGG MASON, INC. · LM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frances Cashman
Officer — Executive Vice President
Period of report
Sep 24, 2018
Accepted (ET)
Sep 26, 2018 · 3:58 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 | Sep 24, 2018 | M | 10,064 | $31.47 | A | 72,937 | D | |
| Common Stock | Sep 24, 2018 | S | 500 | $31.66 | D | 72,437 | D | |
| Common Stock | Sep 24, 2018 | S | 1,800 | $31.65 | D | 70,637 | D | |
| Common Stock | Sep 24, 2018 | S | 2,500 | $31.60 | D | 68,137 | D | |
| Common Stock | Sep 24, 2018 | S | 902 | $31.595 | D | 67,235 | D | |
| Common Stock | Sep 24, 2018 | S | 4,356 | $31.59 | D | 62,879 | 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 | $31.47 | Sep 24, 2018 | M | 10,064 | D | May 31, 2011 | Nov 1, 2018 | Common Stock | 10,064 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected for 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.