SULLIVAN JOSEPH A 4
4 · LEGG MASON, INC. · Filed Jun 11, 2020
Insider Transaction Report
Form 4
SULLIVAN JOSEPH A
Sr. Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2020-06-09$31.46/sh+20,603$648,170→ 609,593.52 total - Exercise/Conversion
Stock Options (Right to buy)
2020-06-09−20,603→ 202,861 totalExercise: $31.46Exp: 2023-05-02→ Common Stock (20,603 underlying) - Sale
Common Stock
2020-06-09$50.04/sh−16,634$832,365→ 592,959.52 total
Holdings
- 6,663.57(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]The sales reported in this Form 4 were effected for purpose of covering exercise cost, taxes, commissions and fees upon exercise of options.
- [F2]The options vest as follows: 25% vest on 05/02/2015; another 25% vest on the later of 05/02/2015 and the first day on which the closing price of Legg Mason's common stock on the New York Stock Exchange ("NYSE") has equaled or exceeded $36.46 for 20 consecutive trading days; and the remaining increments vest on the first day on which the closing price of Legg Mason's common stock on the NYSE has equaled or exceeded $41.46 and $46.46 for 20 consecutive trading days, respectively.