SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Chen Tian Qiao

(Last) (First) (Middle)
8 STEVENS ROAD

(Street)
SINGAPORE U0 257819

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LEGG MASON, INC. [ LM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/28/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value 06/28/2017 S 4,232,500 D $38.43 5,567,653 I See Footnote(1)
Common Stock, $0.01 par value(2) 3,383 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Chen Tian Qiao

(Last) (First) (Middle)
8 STEVENS ROAD

(Street)
SINGAPORE U0 257819

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Shanda Media LTD

(Last) (First) (Middle)
NO. 1 OFFICE BUILDING, NO. 690
PUDONG, NEW AREA

(Street)
SHANGHAI F4 201203

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Shanda Investment Group Ltd

(Last) (First) (Middle)
8 STEVENS ROAD

(Street)
SINGAPORE U0 257819

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Shanda Technology Overseas Capital Co.

(Last) (First) (Middle)
8 STEVENS ROAD

(Street)
SINGAPORE U0 257819

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Shanda Asset Management Investment Ltd

(Last) (First) (Middle)
8 STEVENS ROAD

(Street)
SINGAPORE U0 257819

(City) (State) (Zip)
Explanation of Responses:
1. The securities set forth in this Form 4 are directly held by Shanda Asset Management Investment Limited. Mr. Tianqiao Chen is the sole shareholder of Shanda Media Limited. Shanda Media Limited owns 70% of all outstanding and issued shares of Shanda Investment Group Limited which is the sole shareholder of Shanda Technology Overseas Capital Company Limited. Shanda Technology Overseas Capital Company Limited is the sole shareholder of Shanda Asset Management Investment Limited. Following the sales reported on this Form 4, the Reporting Persons beneficially own less than 10% of the Common Stock of the Issuer.
2. Common Stock granted pursuant to and under the conditions of the Legg Mason, Inc. Non-Employee Director Equity Plan, as amended. See Appendix A to the definitive proxy statement for Legg Mason Inc.'s 2013 Annual Meeting of Stockholders.
/s/ Tianqiao Chen 06/30/2017
/s/ Tianqiao Chen, Director of Shanda Media Limited 06/30/2017
/s/ Tianqiao Chen, Director of Shanda Investment Group Limited 06/30/2017
/s/ Tianqiao Chen, Director of Shanda Technology Overseas Capital Company Limited 06/30/2017
/s/ Tianqiao Chen, Director of Shanda Asset Management Investment Limited 06/30/2017
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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