LEGG MASON INC 4
4 · LEGG MASON INC · Filed Jul 21, 2005
Insider Transaction Report
Form 4
MASON RAYMOND A
DirectorChairman, President & CEO
Transactions
- Award
Stock Options (Right to buy)
2005-07-19+500,000→ 500,000 totalExercise: $111.53Exp: 2013-07-19→ Common Stock (500,000 underlying)
Holdings
- 18,075(indirect: By Spouse)
Common Stock
- 1,200(indirect: By Trust)
Common Stock
- 2,288,715
Common Stock
- 1,800(indirect: By Children)
Common Stock
- 150(indirect: By Children)
Common Stock
Footnotes (4)
- [F1]The reporting person disclaims beneficial ownership of all securities held, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
- [F2]The reporting person is trustee.
- [F3]The reporting person's wife is custodian.
- [F4]Stock options vest ratably over four years starting on the effective grant date, July 19, 2005, subject to Mr. Mason's continuing as Legg Mason, Inc.'s Chairman and Chief Executive Officer for at least two years, and continuing to provide agreed-upon ongoing services to the company two years thereafter. The stock options are only exercisable if, within four years after the grant date, Legg Mason, Inc. Common Stock has closed at or above $127.50 per share for 30 consecutive trading days.