Edgar Filing: LEGG MASON, INC.

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â TRIAN FUND MANAGEMENT, L.P.

2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2015

3. Issuer Name and Ticker or Trading Symbol
LEGG MASON, INC. [LM]

(Last)

(First)

(Middle)

280 PARK AVENUE,Â 41ST FLOOR

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10017

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $.10 par value	11,039,896	I	Please see explanation below ⁽¹⁾ ⁽²⁾ ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

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

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
TRIAN FUND MANAGEMENT, L.P. 280 PARK AVENUE 41ST FLOOR NEW YORK,Â NYÂ 10017	Â	Â X	Â	Â
Trian Fund Management GP, LLC 280 PARK AVENUE 41ST FLOOR NEW YORK,Â NYÂ 10017	Â	Â X	Â	Â
Trian Partners General Partner, LLC 280 PARK AVENUE 41ST FLOOR NEW YORK,Â NYÂ 10017	Â	Â X	Â	Â
Trian Partners (ERISA) General Partner, LLC 280 PARK AVENUE 41ST FLOOR NEW YORK,Â NYÂ 10017	Â	Â X	Â	Â
Trian Partners Parallel Fund I General Partner, LLC 280 PARK AVENUE 41ST FLOOR NEW YORK,Â NYÂ 10017	Â	Â X	Â	Â
Trian Partners Strategic Investment Fund General Partner, LLC 280 PARK AVENUE 41ST FLOOR NEW YORK,Â NYÂ 10017	Â	Â X	Â	Â
Trian Partners Strategic Co-Investment Fund-A GP, L.P. 280 PARK AVENUE 41ST FLOOR NEW YORK,Â NYÂ 10017	Â	Â X	Â	Â

Signatures

Trian Fund Management, L.P., By: Trian Fund Management GP, LLC, By: Peter W. May, Member		08/10/2015
^**Signature of Reporting Person		Date
Peter W. May, Member of Trian Fund Management GP, LLC		08/10/2015
^**Signature of Reporting Person		Date
Peter W. May, Member of Trian Partners General Partner, LLC		08/10/2015
^**Signature of Reporting Person		Date
Peter W. May, Member of Trian Partners (ERISA) General Partner, LLC		08/10/2015
^**Signature of Reporting Person		Date
Peter W. May, Member of Trian Partners Parallel Fund I, General Partner, LLC		08/10/2015
^**Signature of Reporting Person		Date
Peter W. May, Member of Trian Partners Strategic Investment Fund General Partner, LLC		08/10/2015
^**Signature of Reporting Person		Date
Peter W. May, Member of Trian Partners Strategic Investment Fund-A General Partner, LLC		08/10/2015
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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)	Trian Fund Management GP, LLC is the general partner of Trian Fund Management, L.P, which serves as the management company for Trian Partners, L.P. ("Trian Onshore"), Trian Partners Master Fund, L.P. ("Trian Offshore"), Trian Partners Parallel Fund I, L.P. ("Parallel Fund I"), Trian Partners Master Fund (ERISA), L.P. ("Trian ERISA Fund"), Trian Partners Strategic Investment Fund, L.P. ("Strategic Fund" ) and Trian Partners Strategic Investment Fund-A, L.P. ("Strategic Fund-A").
(2)	(FN 1, contd.) Trian Partners General Partner, LLC is the general partner of Trian Partners GP, L.P., which is the general partner of Trian Onshore and Trian Offshore. Trian Partners Parallel Fund I General Partner, LLC is the general partner of Parallel Fund I. Trian Partners (ERISA) General Partner, LLC is the general partner of Trian Partners (ERISA) GP, L.P., which is the general partner of Trian ERISA Fund. Trian Partners Strategic Investment Fund General Partner, LLC is the general partner of Trian Partners Strategic Investment Fund GP, L.P., which is the general partner of Strategic Fund and Trian Partners Strategic Investment Fund-A General Partner, LLC is the general partner of Trian Partners Strategic Investment Fund-A GP, L.P., which is the general partner of Strategic Fund-A.
(3)	(FN 2, contd.) Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
Â Remarks: EachÂ ofÂ TrianÂ Partners,Â L.P.,Â TrianÂ PartnersÂ MasterÂ Fund,Â L.P.,Â TrianÂ PartnersÂ MasterÂ FundÂ (ERISA),Â L.P.,Â TrianÂ PartnersÂ ParallelÂ FundÂ I,Â L.P.,Â TrianÂ PartnersÂ StrategicÂ InvestmentÂ Fund,Â L.P.Â andÂ TrianÂ PartnersÂ StrategicÂ Investment Fund-A,Â L.P.Â (collectively,Â theÂ "LPÂ Entities"),Â isÂ alsoÂ aÂ reportingÂ person.Â Â SinceÂ theÂ SEC'sÂ filingÂ systemÂ willÂ notÂ acceptÂ CIKÂ andÂ CCCÂ codesÂ fromÂ moreÂ thanÂ tenÂ jointÂ filersÂ ofÂ aÂ report,Â theÂ LPÂ EntitiesÂ haveÂ filedÂ aÂ separateÂ FormÂ 3 thatÂ relatesÂ toÂ theÂ sameÂ securitiesÂ reportedÂ herein.Â Thus,Â inÂ total,Â thereÂ areÂ 13Â jointÂ filers:Â theÂ LPÂ Entities,Â TrianÂ FundÂ Management,Â L.P.Â andÂ eachÂ ofÂ theÂ otherÂ personsÂ thatÂ isÂ signatoryÂ toÂ thisÂ FormÂ 3.

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