SULLIVAN JOSEPH A (Chairman, President & CEO) sold 27.5% of their position (223.26K shares) of LEGG MASON, INC. on the open market
Open‑market sale worth $11.17M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.
S · 1 sale
Filed: 6/10/2020ACC: 0000704051-20-000061
DirectorOfficer· Chairman, President & CEO
Since Jul 2018
-223.26K
Net shares
Net seller
$11.17M
Total sold
1
Open market trades
0B · 1S
3
Total transactions
276.54K acquired · 499.79K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+276.54K
Price / share
$31.46
Trade value
$8.70M
% of position
51.6%
6/8/2020
535.71K→812.25K
Common Stock
Direct
Shares
−223.26K
Price / share
$50.04
Trade value
$11.17M
% of position
27.5%
6/8/2020
812.25K→588.99K
Total
Net shares
+53.28K
Net value
-$2.47M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 6/8/2020 | M · Option Exercise | +276.54K | $31.46 | $8.70M | 51.6% | 535.71K | 812.25K |
| Common Stock Direct | 6/8/2020 | S · Sale | −223.26K | $50.04 | $11.17M | 27.5% | 812.25K | 588.99K |
| Total | +53.28K | -$2.47M | ||||||
Derivative Transactions1
Stock Options (Right to buy)
Direct
Converts to
Common Stock
276.54K shares
Shares
−276.54K
Strike price
31.46
Held after
223.46K
Exercisable
—
6/8/2020
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Stock Options (Right to buy) Direct | Common Stock276.54K shares | 6/8/2020 | M · Option Exercise | −276.54K | 31.46 | — | 223.46K |
Non-Derivative Holdings (Post-Transaction)1
Common Stock
IndirectShares owned6.66K
Total
6.66K indirect6.66K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common Stock | 6.66K | Indirect |
| Total | 6.66K | 6.66K indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported