SEC Form 3 · accession 0001677229-16-000001
LEGG MASON, INC. · LM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Shanda Media LTD
10% Owner
SHANDA ASSET MANAGEMENT HOLDINGS Ltd
10% Owner
Shanda Investment Group Ltd
10% Owner
Tian Qiao Chen
10% Owner
Period of report
Aug 2, 2016
Accepted (ET)
Aug 12, 2016 · 6:26 am 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, $0.10 par valueF1 | holding | — | — | — | 10,510,153 | I | Please see footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Put Option (Obligation to buy)F2 | $26.00 | holding | — | — | — | Jul 6, 2016 | Aug 19, 2016 | Common Stock | 4,900,000 | — | I |
Explanation of responses
- F1The common stock disclosed in this Form 3 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. Therefore each of Mr. Tianqiao Chen, Shanda Media Limited, Shanda Investment Group Limited, Shanda Technology Overseas Capital Company Limited and Shanda Asset Management Investment Limited may be deemed to have beneficial ownership over the common stock held by Shanda Asset Management Investment Limited.
- F2The put options disclosed in this Form 3 were sold by Shanda Asset Management Holdings Limited before the reporting persons became subject to Section 16. 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 Holdings Limited.