Examples of Legg Mason Common Stock in a sentence
Any decline in the actual trading price of Legg Mason Common Stock during the period between the Distribution Valuation Date and the applicable Payment Date, as well as any brokerage commissions, fees or other charges incurred by a FA in connection with the disposition of any shares of Legg Mason Common Stock that are distributed to the FA, shall be the sole risk and responsibility of the FA.
There is no limit on the total number of shares of Legg Mason Common Stock that may be distributed under this Section.
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Whole Share Units to be distributed within an FA's Phantom Stock Account will be converted into shares of Legg Mason Common Stock on a one-for-one basis.
Citigroup did not acquire more than 5 percent of Legg Mason Common Stock at any time.
Legg Mason Preferred Stock was converted into Legg Mason Common Stock only after it was sold by Citigroup.
Any decline in the actual trading price of Legg Mason Common Stock during the period between the Distribution Valuation Date and the applicable Payment Date, as well as any brokerage commissions, fees or other charges incurred by a Branch Manager in connection with the disposition of any shares of Legg Mason Common Stock that are distributed to the Branch Manager, shall be the sole risk and responsibility of the Branch Manager.
The Merger Transaction resulted in Citigroup receiving, among other things, approximately 4 percent of the Legg Mason voting common stock (Legg Mason Common Stock), and non-voting convertible preferred stock (Legg Mason Preferred Stock) which was convertible into approximately 10 percent of Legg Mason Common Stock (together, Legg Mason Stock).
Legg Mason shall not purchase, or take any other corporate action with respect to, the Legg Mason Common Stock which would result in Citigroup owning in excess of 14.39% of the then-outstanding shares of Legg Mason capital stock.
The number of Share Units into which such Deferred Bonus Commission shall be converted (calculated to four decimal places) will be determined as of the Valuation Date and will be equal to the amount of the Deferred Bonus Commission for the Plan Year divided by the Fair Market Value of a share of Legg Mason Common Stock on the Valuation Date.