Johnson Terence 4
4 · LEGG MASON, INC. · Filed Aug 4, 2020
Insider Transaction Report
Form 4
Johnson Terence
Executive Vice President
Transactions
- Disposition to Issuer
Stock Options (Right to buy)
2020-07-31−33,339→ 0 totalExercise: $37.64Exp: 2025-05-15→ Common Stock (33,339 underlying) - Disposition to Issuer
Common Stock
2020-07-31−156,587.18→ 0 total - Disposition to Issuer
Stock Options (Right to buy)
2020-07-31−19,705→ 0 totalExercise: $31.24Exp: 2024-05-13→ Common Stock (19,705 underlying)
Footnotes (4)
- [F1]These shares were disposed of pursuant to the Agreement and Plan of Merger dated as of February 17, 2020 among the issuer, Alpha Sub, Inc. and Franklin Resources, Inc. in exchange for $50 per share on the effective date of the merger.
- [F2]Employee stock options vest serially over four years and commencing on May 31, 2017.
- [F3]This option was terminated and cancelled as of immediately prior to the effective time of the merger and converted into the right to receive a lump sum cash payment in an amount equal to (A) the number of shares of the issuer's Common Stock underlying such option as of immediately prior to the effective time, multiplied by (B) an amount equal to (x) $50, minus (y) the exercise price of such option, net of any taxes withheld pursuant to the merger agreement
- [F4]Employee stock options vest serially over four years commencing on May 31, 2018.