Form Type: 4

SEC EDGAR Link
Accession Number:0000704051-20-000095
Date:2020-07-31
Issuer: LEGG MASON, INC. (LM)
Original Submission Date:

Reporting Person:

NACHTWEY PETER
LEGG MASON, INC.
100 INTERNATIONAL DRIVE BALTIMORE, MD 21202

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-07-31 D 176,586 d $0.00 0 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTIONS (RIGHT TO BUY) 31.24 2020-07-31 deemed execution date D 15,179 (d) 2024-05-13 common stock 15,179 $31.24 0 direct
STOCK OPTIONS (RIGHT TO BUY) 37.64 2020-07-31 deemed execution date D 28,572 (d) 2025-05-15 common stock 28,572 $37.64 0 direct
Footnotes
IDfootnote
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 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.
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