SEC Form 4 · accession 0000947871-17-000520
LEGG MASON, INC. · LM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Shanda Media LTD
10% Owner
Shanda Investment Group Ltd
10% Owner
Tian Qiao Chen
Director · 10% Owner
Period of report
Jun 28, 2017
Accepted (ET)
Jun 30, 2017 · 5:02 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, $0.01 par valueF1 | Jun 28, 2017 | S | 4,232,500 | $38.43 | D | 5,567,653 | I | See Footnote |
| Common Stock, $0.01 par valueF2 | holding | — | — | — | 3,383 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities set forth in this Form 4 are directly held by Shanda Asset Management Investment Limited. Mr. Tianqiao Chen is the sole shareholder of Shanda Media Limited. Shanda Media Limited owns 70% of all outstanding and issued shares of Shanda Investment Group Limited which is the sole shareholder of Shanda Technology Overseas Capital Company Limited. Shanda Technology Overseas Capital Company Limited is the sole shareholder of Shanda Asset Management Investment Limited. Following the sales reported on this Form 4, the Reporting Persons beneficially own less than 10% of the Common Stock of the Issuer.
- F2Common Stock granted pursuant to and under the conditions of the Legg Mason, Inc. Non-Employee Director Equity Plan, as amended. See Appendix A to the definitive proxy statement for Legg Mason Inc.'s 2013 Annual Meeting of Stockholders.