Accession Number: | 0000704051-20-000095 |
Date: | 2020-07-31 |
Issuer: | LEGG MASON, INC. (LM) |
Original Submission Date: |
NACHTWEY PETER
LEGG MASON, INC.
100 INTERNATIONAL DRIVE
BALTIMORE, MD 21202
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-07-31 | D | 176,586 | d | $0.00 | 0 | direct |
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 Exercisable | Expiration 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 |
ID | footnote |
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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. |