1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Options (Right to buy)
|
05/17/2010(2)
|
05/18/2018 |
Common Stock
|
4,867
|
$
33.25
|
D
|
Â
|
Stock Options (Right to buy)
|
05/16/2011(3)
|
05/17/2019 |
Common Stock
|
9,520
|
$
33.99
|
D
|
Â
|
Stock Options (Right to buy)
|
05/16/2013(4)
|
05/16/2021 |
Common Stock
|
8,904
|
$
35.16
|
D
|
Â
|
Stock Options (Right to buy)
|
05/16/2014(5)
|
05/16/2022 |
Common Stock
|
9,975
|
$
47.64
|
D
|
Â
|
Stock Options (Right to buy)
|
05/15/2015(6)
|
05/15/2023 |
Common Stock
|
5,628
|
$
54.51
|
D
|
Â
|
Stock Options (Right to buy)
|
05/02/2016(7)
|
05/02/2024 |
Commom Stock
|
13,228
|
$
31.57
|
D
|
Â
|
Phantom Stock
|
Â
(8)
|
Â
(8)
|
Common Stock
|
66.9486
|
$
(8)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Includes the acquisition of 9.78 shares of Legg Mason, Inc. Common Stock pursuant to the Legg Mason, Inc. Employee Stock Purchase Plan. |
(2) |
Employee stock options vest serially over four years and commenced on May 31, 2011. |
(3) |
Employee stock options vest serially over four years and commenced on May 31, 2012. |
(4) |
Employee stock options vest serially over four years and commenced on May 31, 2014. |
(5) |
Employee stock options vest serially over four years and commenced on May 31, 2015. |
(6) |
Employee stock options vest serially over four years and commenced on May 31, 2016. |
(7) |
Employee stock options vest serially over four years and commenced on May 31, 2017. |
(8) |
Each share of Phantom Stock is the economic equivalent of one share of LM Common Stock. The shares of Phantom Stock will be settled in shares of LM Common Stock upon termination of the reporting person's employment with Legg Mason. |