3.01%QQQQ 43.66 3.24%XLF 20.98 4.90%
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NEW YORK - The founder and chairman of investment manager Legg Mason Inc. exercised options for 25,000 shares of common stock, according to a Securities and Exchange Commission filing.
| LM | 42.6 |  -4.77 |
In a Form 4 filed with the SEC Monday, Raymond A. Mason reported he exercised the options on Thursday for $35.27 apiece and then sold all 25,000 of them on the same day for $56.69 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Legg Mason is based in Baltimore.
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