UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Legg Mason, Inc.
Address: 100 International Drive
Baltimore, MD 21202
13F File Number: 28-1700
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Tom Lemke
Title: General Counsel
Phone: 410-454-4475
Signature, Place, and Date of Signing:
Tom Lemke Baltimore, MD November 14, 2011
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28-3428 Private Capital Management, L.P.
28-3780 Royce & Associates, LLC
28-14027 Permal Asset Management Inc.
28-1801 Bartlett & Co.
28-0377 Batterymarch Financial Management, Inc.
28-2204 Brandywine Global Investment Management, LLC
28-1701 Legg Mason Capital Management, Inc.
28-6397 Legg Mason Investment Counsel & Trust Co, NA
28-6399 LMM, LLC
28-10245 Western Asset Management Company
28-6251 Legg Mason International Equities
28-11345 Legg Mason Investment Counsel, LLC
28-11611 ClearBridge Advisors, LLC
28-11198 Legg Mason Asset Management (Japan) Co. Ltd
28-13247 Global Currents Investment Management, LLC
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form13F Information Table Entry Total: 114
Form13F Information Table Value Total: $111,277 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 1439 27300 SH DEFINED 1 27300 0 0
AFLAC INC COM 001055102 4 110 SH DEFINED 1 110 0 0
ALCOA INC COM 013817101 6 560 SH DEFINED 1 560 0 0
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 19 1001 SH DEFINED 1 1001 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 1 69 SH DEFINED 1 69 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3 130 SH DEFINED 1 130 0 0
ANADARKO PETE CORP COM 032511107 735 11630 SH DEFINED 1 11630 0 0
APACHE CORP COM 037411105 490 6100 SH DEFINED 1 6100 0 0
APPLE INC COM 037833100 47 122 SH DEFINED 1 122 0 0
ARCH CAP GROUP LTD ORD G0450A105 795 24300 SH DEFINED 1 24300 0 0
ASHFORD HOSPITALITY TR INC CV PFD SER E 044103505 1604 67220 SH DEFINED 1 67220 0 0
BANK OF AMERICA CORPORATION COM 060505104 9 1440 SH DEFINED 1 1440 0 0
BB&T CORP COM 054937107 5 200 SH DEFINED 1 200 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 25 350 SH DEFINED 1 350 0 0
BEST BUY INC COM 086516101 583 25000 SH DEFINED 1 25000 0 0
BIOMED REALTY TRUST INC COM 09063H107 2155 130000 SH DEFINED 1 130000 0 0
BLOCK H & R INC COM 093671105 497 37300 SH DEFINED 1 37300 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 2433 223593 SH DEFINED 1 223593 0 0
CBS CORP NEW CL B 124857202 8 375 SH DEFINED 1 375 0 0
CHESAPEAKE ENERGY CORP COM 165167107 14 540 SH DEFINED 1 540 0 0
CHEVRON CORP NEW COM 166764100 459 4945 SH DEFINED 1 4945 0 0
CHICOS FAS INC COM 168615102 5 351 SH DEFINED 1 351 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 7 21 SH DEFINED 1 21 0 0
CINTAS CORP COM 172908105 577 20500 SH DEFINED 1 20500 0 0
CITIGROUP INC COM NEW 172967424 40 1537 SH DEFINED 1 1537 0 0
COCA COLA CO COM 191216100 419 6200 SH DEFINED 1 6200 0 0
COGDELL SPENCER INC COM 19238U107 1511 400560 SH DEFINED 1 400560 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 1897 100000 SH DEFINED 1 100000 0 0
COMSTOCK RES INC COM NEW 205768203 7 410 SH DEFINED 1 410 0 0
CONOCOPHILLIPS COM 20825C104 551 8700 SH DEFINED 1 8700 0 0
CORELOGIC INC COM 21871D103 5 426 SH DEFINED 1 426 0 0
CVS CAREMARK CORPORATION COM 126650100 1139 33900 SH DEFINED 1 33900 0 0
DCT INDUSTRIAL TRUST INC COM 233153105 2449 557830 SH DEFINED 1 557830 0 0
DEVON ENERGY CORP NEW COM 25179M103 5 85 SH DEFINED 1 85 0 0
DIGITAL RLTY TR INC COM 253868103 2483 45000 SH DEFINED 1 45000 0 0
DOLLAR TREE INC COM 256746108 21 267 SH DEFINED 1 267 0 0
EAST WEST BANCORP INC COM 27579R104 4 250 SH DEFINED 1 250 0 0
EMCOR GROUP INC COM 29084Q100 387 19000 SH DEFINED 1 19000 0 0
ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 5263 135000 SH DEFINED 1 135000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 11 196 SH DEFINED 1 196 0 0
EXCEL TR INC COM 30068C109 1588 165000 SH DEFINED 1 165000 0 0
EXELON CORP COM 30161N101 606 14200 SH DEFINED 1 14200 0 0
EXXON MOBIL CORP COM 30231G102 39 531 SH DEFINED 1 531 0 0
F5 NETWORKS INC COM 315616102 3 30 SH DEFINED 1 30 0 0
FAMILY DLR STORES INC COM 307000109 7 123 SH DEFINED 1 123 0 0
FASTENAL CO COM 311900104 4 94 SH DEFINED 1 94 0 0
FEDEX CORP COM 31428X106 8 115 SH DEFINED 1 115 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 5 302 SH DEFINED 1 302 0 0
FIFTH THIRD BANCORP COM 316773100 7 640 SH DEFINED 1 640 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 4 416 SH DEFINED 1 416 0 0
FIRST POTOMAC RLTY TR COM 33610F109 5113 410000 SH DEFINED 1 410000 0 0
FLUOR CORP NEW COM 343412102 801 17200 SH DEFINED 1 17200 0 0
FULTON FINL CORP PA COM 360271100 2 189 SH DEFINED 1 189 0 0
GANNETT INC COM 364730101 7 633 SH DEFINED 1 633 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 10 98 SH DEFINED 1 98 0 0
GOOGLE INC CL A 38259P508 1185 2300 SH DEFINED 1 2300 0 0
HCC INS HLDGS INC COM 404132102 379 14000 SH DEFINED 1 14000 0 0
HCP INC COM 40414L109 6136 175000 SH DEFINED 1 175000 0 0
HEALTH CARE REIT INC COM 42217K106 3885 83000 SH DEFINED 1 83000 0 0
HESS CORP COM 42809H107 3 50 SH DEFINED 1 50 0 0
HEWLETT PACKARD CO COM 428236103 371 16500 SH DEFINED 1 16500 0 0
HIGHWOODS PPTYS INC COM 431284108 1837 65000 SH DEFINED 1 65000 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 2306 108580 SH DEFINED 1 108580 0 0
HOST HOTELS & RESORTS INC COM 44107P104 5 430 SH DEFINED 1 430 0 0
HUMAN GENOME SCIENCES INC COM 444903108 4 260 SH DEFINED 1 260 0 0
HUNT J B TRANS SVCS INC COM 445658107 6 139 SH DEFINED 1 139 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 1533 210000 SH DEFINED 1 210000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2 9 SH DEFINED 1 9 0 0
ISHARES INC MSCI JAPAN 464286848 513 54192 SH DEFINED 1 54192 0 0
ISHARES TR MSCI EAFE INDEX 464287465 3013 63054 SH DEFINED 1 63054 0 0
ISHARES TR RUSSELL 2000 464287655 577 8969 SH DEFINED 1 8969 0 0
ISHARES TR RUSSELL1000VAL 464287598 2765 48847 SH DEFINED 1 48847 0 0
ISHARES TR BARCLYS TIPS BD 464287176 976 8538 SH DEFINED 1 8538 0 0
ISHARES TR RUSSELL1000GRW 464287614 1184 22516 SH DEFINED 1 22516 0 0
JPMORGAN CHASE & CO COM 46625H100 505 16755 SH DEFINED 1 16755 0 0
KILROY RLTY CORP COM 49427F108 4592 146700 SH DEFINED 1 146700 0 0
KITE RLTY GROUP TR COM 49803T102 966 264000 SH DEFINED 1 264000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 4658 160000 SH DEFINED 1 160000 0 0
MACERICH CO COM 554382101 5329 125000 SH DEFINED 1 125000 0 0
MACK CALI RLTY CORP COM 554489104 3210 120000 SH DEFINED 1 120000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 4 350 SH DEFINED 1 350 0 0
MOSAIC CO NEW COM 61945C103 294 6000 SH DEFINED 1 6000 0 0
MSC INDL DIRECT INC CL A 553530106 4 54 SH DEFINED 1 54 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106 5912 220000 SH DEFINED 1 220000 0 0
NEWS CORP CL B 65248E203 768 49200 SH DEFINED 1 49200 0 0
NRG ENERGY INC COM NEW 629377508 569 26800 SH DEFINED 1 26800 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 6 80 SH DEFINED 1 80 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 4779 300000 SH DEFINED 1 300000 0 0
PHILIP MORRIS INTL INC COM 718172109 749 12000 SH DEFINED 1 12000 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 9 401 SH DEFINED 1 401 0 0
PRICELINE COM INC COM NEW 741503403 5 11 SH DEFINED 1 11 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 3 124 SH DEFINED 1 124 0 0
PROCTER & GAMBLE CO COM 742718109 639 10100 SH DEFINED 1 10100 0 0
PROTECTIVE LIFE CORP COM 743674103 7 406 SH DEFINED 1 406 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 2031 247620 SH DEFINED 1 247620 0 0
REALTY INCOME CORP COM 756109104 2580 80000 SH DEFINED 1 80000 0 0
REGENCY CTRS CORP COM 758849103 3004 85000 SH DEFINED 1 85000 0 0
SEARS HLDGS CORP COM 812350106 3 36 SH DEFINED 1 36 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 1939 90000 SH DEFINED 1 90000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 8 65 SH DEFINED 1 65 0 0
SIRIUS XM RADIO INC COM 82967N108 3 1949 SH DEFINED 1 1949 0 0
TARGET CORP COM 87612E106 4 81 SH DEFINED 1 81 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 3 89 SH DEFINED 1 89 0 0
TUPPERWARE BRANDS CORP COM 899896104 688 12800 SH DEFINED 1 12800 0 0
UDR INC COM 902653104 10 450 SH DEFINED 1 450 0 0
UNITEDHEALTH GROUP INC COM 91324P102 388 8400 SH DEFINED 1 8400 0 0
US BANCORP DEL COM NEW 902973304 19 780 SH DEFINED 1 780 0 0
VALLEY NATL BANCORP COM 919794107 5 388 SH DEFINED 1 388 0 0
VANGUARD INDEX FDS REIT ETF 922908553 3371 66251 SH DEFINED 1 66251 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 284 4914 SH DEFINED 1 4914 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 336 9367 SH DEFINED 1 9367 0 0
VORNADO RLTY TR SH BEN INT 929042109 8 100 SH DEFINED 1 100 0 0
WELLS FARGO & CO NEW COM 949746101 21 830 SH DEFINED 1 830 0 0
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 568 16500 SH DEFINED 1 16500 0 0