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Filing Details

Accession Number:: 0001677229-17-000001
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-01-11 06:22:38
Reporting Period:: 2017-01-09

Filing Date:: 2017-01-11
Accepted Time:: 2017-01-11 06:22:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
704051	Legg Mason Inc.	LM	Investment Advice (6282)	521200960

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1318400	Ltd Media Shanda	No. 1 Office Building, No. 690 Pudong, New Area Shanghai F4 201203	No	No	Yes	No
1633666	Ltd Group Investment Shanda	First Register Office Woodbourne Hall, Road Town Tortola D8 00000	No	No	Yes	No
1633667	Shanda Technology Overseas Capital Co.	Registered Office, Cricket Square Hutchins Drive, Po Box 2681 Grand Cayman E9 KY1-1111	No	No	Yes	No
1672562	Ltd Investment Management Asset Shanda	8 Stevens Road Singapore U0 257819	No	No	Yes	No
1677229	Qiao Tian Chen	8 Stevens Road Singapore U0 257819	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value	Disposition	2017-01-09	420,000	$30.76	10,090,153	No	4	S	Indirect	See Footnote
Common Stock, $0.01 Par Value	Disposition	2017-01-10	340,000	$31.14	9,750,153	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

The reporting persons sold the shares included in this Form 4 in an effort to bring their beneficial ownership of Legg Mason, Inc. below 10% of its issued and outstanding shares in order to be eligible for a potential waiver of the applicability to the reporting persons and their affiliates of the Maryland Business Combination Act.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.525 to $31.34, inclusive. The reporting persons undertake to provide to Legg Mason, Inc., any security holder of Legg Mason, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
The 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.69 to $31.48, inclusive. The reporting persons undertake to provide to Legg Mason, Inc., any security holder of Legg Mason, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4) to this Form 4.