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4//SEC Filing

SULLIVAN JOSEPH A 4

Accession 0000704051-20-000063

CIK 0000704051other

View on SEC.gov Company Profile

Filed

Jun 11, 8:00 PM ET

Accepted

Jun 12, 12:36 PM ET

Size

23.5 KB

Accession

0000704051-20-000063

Insider Transaction Report

Form 4

Period: 2020-06-10

LEGG MASON, INC.LM

SULLIVAN JOSEPH A

Sr. Executive Vice President

Transactions

Exercise/Conversion
Common Stock
2020-06-10$35.16/sh+44,518$1,565,253→ 1,147,962.52 total
Exercise/Conversion
Stock Options (Right to buy)
2020-06-10−149,460→ 49,820 total
Exercise: $37.64Exp: 2025-05-15→ Common Stock (149,460 underlying)
Exercise/Conversion
Stock Options (Right to buy)
2020-06-10−149,290→ 336 total
Exercise: $47.64Exp: 2022-05-16→ Common Stock (149,290 underlying)
Exercise/Conversion
Stock Options (Right to buy)
2020-06-10−44,518→ 0 total
Exercise: $35.16Exp: 2021-05-16→ Common Stock (44,518 underlying)
Exercise/Conversion
Common Stock
2020-06-10$37.64/sh+149,460$5,625,674→ 742,419.52 total
Sale
Common Stock
2020-06-10$49.98/sh−648,178$32,395,936→ 702,645.52 total
Exercise/Conversion
Common Stock
2020-06-10$47.64/sh+149,290$7,112,176→ 1,103,444.52 total
Exercise/Conversion
Common Stock
2020-06-10$31.46/sh+202,861$6,382,007→ 1,350,823.52 total
Exercise/Conversion
Common Stock
2020-06-10$31.24/sh+211,735$6,614,601→ 954,154.52 total
Exercise/Conversion
Stock Options (Right to buy)
2020-06-10−202,861→ 0 total
Exercise: $31.46Exp: 2023-05-02→ Common Stock (202,861 underlying)
Exercise/Conversion
Stock Options (Right to buy)
2020-06-10−211,735→ 0 total
Exercise: $31.24Exp: 2024-05-13→ Common Stock (211,735 underlying)

Holdings

Common Stock
(indirect: By 401(k))
6,663.57

Footnotes (6)

[F1]The transactions reported in this Form 4 were effected for purpose of covering exercise cost, taxes, commissions and fees upon exercise of options.
[F2]Employee stock options vest serially over four years and commencing on May 31, 2018.
[F3]Employee stock options vest serially over four years and commencing on May 31, 2017.
[F4]Employee stock options vest serially over four years commencing on May 31, 2015.
[F5]Employee stock options vest serially over 4 years commencing on May 31, 2014.
[F6]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.

Documents

1 file

4
wf-form4_159197976032284.xmlPrimary
FORM 4

Issuer

LEGG MASON, INC.

CIK 0000704051

Entity typeother

Related Parties

1

filerCIK 0001206673

Filing Metadata

Form type: 4
Filed: Jun 11, 8:00 PM ET
Accepted: Jun 12, 12:36 PM ET
Size: 23.5 KB

View on SEC.gov