Filing Details
- Accession Number:
- 0000704051-20-000063
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-06-12 12:36:18
- Reporting Period:
- 2020-06-10
- Accepted Time:
- 2020-06-12 12:36:18
- 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 | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1206673 | A Joseph Sullivan | Legg Mason, Inc. 100 International Drive Baltimore MD 21202 | Chairman, President & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-06-10 | 149,460 | $37.64 | 742,420 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2020-06-10 | 211,735 | $31.24 | 954,155 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2020-06-10 | 149,290 | $47.64 | 1,103,445 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2020-06-10 | 44,518 | $35.16 | 1,147,963 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2020-06-10 | 202,861 | $31.46 | 1,350,824 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-06-10 | 648,178 | $49.98 | 702,646 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options (Right to buy) | Disposition | 2020-06-10 | 149,460 | $0.00 | 149,460 | $37.64 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2020-06-10 | 211,735 | $0.00 | 211,735 | $31.24 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2020-06-10 | 149,290 | $0.00 | 149,290 | $47.64 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2020-06-10 | 44,518 | $0.00 | 44,518 | $35.16 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2020-06-10 | 202,861 | $0.00 | 202,861 | $31.46 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 49,820 | 2025-05-15 | No | 4 | M | Direct | |
| 0 | 2024-05-13 | No | 4 | M | Direct | |
| 336 | 2022-05-16 | No | 4 | M | Direct | |
| 0 | 2021-05-16 | No | 4 | M | Direct | |
| 0 | 2023-05-02 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 6,664 | Indirect | By 401K |
Footnotes
- The transactions reported in this Form 4 were effected for purpose of covering exercise cost, taxes, commissions and fees upon exercise of options.
- Employee stock options vest serially over four years and commencing on May 31, 2018.
- Employee stock options vest serially over four years and commencing on May 31, 2017.
- Employee stock options vest serially over four years commencing on May 31, 2015.
- Employee stock options vest serially over 4 years commencing on May 31, 2014.
- The options vest as follows: 25% vest on 05/02/2015; another 25% vest on the later of 05/02/2015 and the first day on which the closing price of Legg Mason's common stock on the New York Stock Exchange ("NYSE") has equaled or exceeded $36.46 for 20 consecutive trading days; and the remaining increments vest on the first day on which the closing price of Legg Mason's common stock on the NYSE has equaled or exceeded $41.46 and $46.46 for 20 consecutive trading days, respectively.
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