4//SEC Filing
Merchant Thomas C 4
Accession 0000704051-20-000094
CIK 0000704051other
Filed
Aug 3, 8:00 PM ET
Accepted
Aug 4, 7:29 PM ET
Size
12.3 KB
Accession
0000704051-20-000094
Insider Transaction Report
Form 4
Merchant Thomas C
Exec. VP and General Counsel
Transactions
- Disposition to Issuer
Phantom Stock Units
2020-07-31−1,584.18→ 0 total→ Common Stock (1,584.18 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2020-07-31−15,006→ 0 totalExercise: $37.64Exp: 2025-05-15→ Common Stock (15,006 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2020-07-31−7,111→ 0 totalExercise: $31.24Exp: 2024-05-13→ Common Stock (7,111 underlying) - Disposition to Issuer
Common Stock
2020-07-31−92,269.63→ 0 total
Footnotes (7)
- [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, 2018.
- [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 and commencing on May 31, 2017.
- [F5]1-for-1
- [F6]Phantom Stock Units acquired pursuant to and under conditions of the Legg Mason & Co., LLC Deferred Compensation/Phantom Stock Plan, as amended. See Exhibit 10.4 of the Form 10-K for the fiscal year ended March 31, 2009.
- [F7]The Legg Mason & Co., LLC Deferred Compensation/Phantom Stock Plan ("Plan") has been amended to provide that units previously delineated in common stock of the issuer will be equitably adjusted into the number of units delineated in common stock of Franklin Resources, Inc. based on the $50 per share merger consideration, and all distributions under the Plan will be made in cash.
Documents
Issuer
LEGG MASON, INC.
CIK 0000704051
Entity typeother
Related Parties
1- filerCIK 0001573664
Filing Metadata
- Form type
- 4
- Filed
- Aug 3, 8:00 PM ET
- Accepted
- Aug 4, 7:29 PM ET
- Size
- 12.3 KB