UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2012
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: Thomas Lemke
Title: General Counsel
Phone: 410-454-4475
Signature, Place, and Date of Signing:
Thomas Lemke Baltimore, MD August 14, 2012
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
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
28-3428 Private Capital Management, L.P.
28-3780 Royce & Associates, LLC
28-0377 Batterymarch Financial Management, Inc.
28- Legg Mason Partners Fund Advisor, LLC
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form13F Information Table Entry Total: 155
Form13F Information Table Value Total: $238,420 (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.
No. 13F File Number Name
1 28- Miscellaneous
2 28-14027 Permal Asset Management Inc.
3 28-14026 Permal Investment Management Services Limited
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 5735 95420 SH DEFINED 1 16000 0 79420
AMDOCS LTD ORD G02602103 1144 38491 SH DEFINED 1 0 0 38491
ANADARKO PETE CORP COM 032511107 358 5400 SH DEFINED 1 5400 0 0
APACHE CORP COM 037411105 1486 16900 SH DEFINED 1 4300 0 12600
ARCH CAP GROUP LTD ORD G0450A105 882 22200 SH DEFINED 1 22200 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 20 2707 SH DEFINED 1 0 0 2707
BANCO SANTANDER SA ADR 05964H105 41 6108 SH DEFINED 1 0 0 6108
BANK OF AMERICA CORPORATION COM 060505104 1085 132600 SH DEFINED 1 0 0 132600
BARCLAYS PLC ADR 06738E204 55 5330 SH DEFINED 1 0 0 5330
BARRICK GOLD CORP COM 067901108 2213 58900 SH DEFINED 1 0 0 58900
BB&T CORP COM 054937107 790 25600 SH DEFINED 1 0 0 25600
BLOCK H & R INC COM 093671105 440 27500 SH DEFINED 1 27500 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 68 2047 SH DEFINED 1 0 0 2047
CANADIAN NAT RES LTD COM 136385101 466 17320 SH DEFINED 1 0 0 17320
CAPITAL ONE FINL CORP COM 14040H105 804 14700 SH DEFINED 1 14700 0 0
CARNIVAL PLC ADR 14365C103 328 9550 SH DEFINED 1 0 0 9550
CENOVUS ENERGY INC COM 15135U109 2073 65175 SH DEFINED 1 0 0 65175
CHESAPEAKE GRANITE WASH TR COM SH BEN INT 165185109 1085 55100 SH DEFINED 2 55100 0 0
CHEVRON CORP NEW COM 166764100 3345 31700 SH DEFINED 1 7800 0 23900
CHIMERA INVT CORP COM 16934Q109 2451 1038500 SH DEFINED 2 1038500 0 0
CHIMERA INVT CORP COM 16934Q109 1404 594812 SH DEFINED 2,3 594812 0 0
CHINA FD INC COM 169373107 2276 103755 SH DEFINED 2 103755 0 0
CHINA FD INC COM 169373107 5293 241343 SH DEFINED 2,3 241343 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 2600 47540 SH DEFINED 1 0 0 47540
CINTAS CORP COM 172908105 452 11700 SH DEFINED 1 11700 0 0
CISCO SYS INC COM 17275R102 584 34000 SH DEFINED 1 0 0 34000
CNOOC LTD SPONSORED ADR 126132109 242 1200 SH DEFINED 1 0 0 1200
COLONY FINL INC COM 19624R106 803 46400 SH DEFINED 2 46400 0 0
COLONY FINL INC COM 19624R106 479 27678 SH DEFINED 2,3 27678 0 0
CONOCOPHILLIPS COM 20825C104 660 11800 SH DEFINED 1 11800 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 11 552 SH DEFINED 1 0 0 552
CREXUS INVT CORP COM 226553105 464 45618 SH DEFINED 2,3 45618 0 0
CREXUS INVT CORP COM 226553105 786 77200 SH DEFINED 2 77200 0 0
CSX CORP COM 126408103 606 27100 SH DEFINED 1 27100 0 0
CVS CAREMARK CORPORATION COM 126650100 2011 43000 SH DEFINED 1 22600 0 20400
DANA HLDG CORP COM 235825205 359 28000 SH DEFINED 1 28000 0 0
DEVON ENERGY CORP NEW COM 25179M103 830 14300 SH DEFINED 1 0 0 14300
DISNEY WALT CO COM DISNEY 254687106 859 17700 SH DEFINED 1 0 0 17700
ECA MARCELLUS TR I COM UNIT 26827L109 1112 60300 SH DEFINED 2 60300 0 0
EMCOR GROUP INC COM 29084Q100 423 15200 SH DEFINED 1 15200 0 0
ENCANA CORP COM 292505104 1077 51703 SH DEFINED 1 0 0 51703
ENDO HEALTH SOLUTIONS INC COM 29264F205 778 25100 SH DEFINED 1 0 0 25100
ENSCO PLC SHS CLASS A G3157S106 2639 56170 SH DEFINED 1 0 0 56170
ERICSSON ADR B SEK 10 294821608 412 45120 SH DEFINED 1 0 0 45120
ETFS PALLADIUM TR SH BEN INT 26923A106 610 10638 SH DEFINED 2 10638 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 4170 29228 SH DEFINED 2 29228 0 0
EXELON CORP COM 30161N101 437 11600 SH DEFINED 1 11600 0 0
FIFTH THIRD BANCORP COM 316773100 938 70000 SH DEFINED 1 0 0 70000
FLUOR CORP NEW COM 343412102 726 14700 SH DEFINED 1 14700 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1098 12300 SH DEFINED 1 0 0 12300
FORD MTR CO DEL COM PAR $0.01 345370860 672 70000 SH DEFINED 1 0 0 70000
FOSTER WHEELER AG COM H27178104 19 1100 SH DEFINED 1 0 0 1100
FRANCE TELECOM SPONSORED ADR 35177Q105 30 2275 SH DEFINED 1 0 0 2275
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 92 2014 SH DEFINED 1 0 0 2014
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 271 21100 SH DEFINED 1 0 0 21100
GOLDMAN SACHS GROUP INC COM 38141G104 1477 15400 SH DEFINED 1 0 0 15400
GOOGLE INC CL A 38259P508 871 1500 SH DEFINED 1 1500 0 0
GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 3 100 SH DEFINED 1 0 0 100
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 1031 47965 SH DEFINED 1 0 0 47965
HALLIBURTON CO COM 406216101 1627 57300 SH DEFINED 1 0 0 57300
HCC INS HLDGS INC COM 404132102 440 14000 SH DEFINED 1 14000 0 0
HEWLETT PACKARD CO COM 428236103 1368 68000 SH DEFINED 1 16500 0 51500
HSBC HLDGS PLC SPON ADR NEW 404280406 780 17653 SH DEFINED 1 0 0 17653
ICICI BK LTD ADR 45104G104 911 28090 SH DEFINED 1 0 0 28090
ILLINOIS TOOL WKS INC COM 452308109 767 14500 SH DEFINED 1 0 0 14500
ING GROEP N V SPONSORED ADR 456837103 10 1426 SH DEFINED 1 0 0 1426
INTERNATIONAL BUSINESS MACHS COM 459200101 841 4300 SH DEFINED 1 0 0 4300
INTL PAPER CO COM 460146103 729 25200 SH DEFINED 1 0 0 25200
INVESCO MORTGAGE CAPITAL INC COM 46131B100 669 36500 SH DEFINED 2,3 36500 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1121 61100 SH DEFINED 2 61100 0 0
ISHARES INC MSCI JAPAN 464286848 4514 479629 SH DEFINED 2 479629 0 0
ISHARES INC MSCI MEX INVEST 464286822 2397 39000 SH DEFINED 2 39000 0 0
ISHARES INC MSCI CDA INDEX 464286509 2166 83800 SH DEFINED 2 83800 0 0
ISHARES INC MSCI S KOREA 464286772 5075 92580 SH DEFINED 2,3 92580 0 0
ISHARES TR RUSSELL1000GRW 464287614 1666 26348 SH DEFINED 1 26348 0 0
ISHARES TR BARCLYS TIPS BD 464287176 6587 55024 SH DEFINED 1 55024 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 7716 229150 SH DEFINED 2,3 229150 0 0
ISHARES TR S&P 500 INDEX 464287200 5688 41594 SH DEFINED 1 41594 0 0
ISHARES TR MSCI EAFE INDEX 464287465 7627 152649 SH DEFINED 1 152649 0 0
ISHARES TR BARCLYS INTER CR 464288638 394 3600 SH DEFINED 1 3600 0 0
ISHARES TR RUSSELL1000VAL 464287598 3582 52505 SH DEFINED 1 52505 0 0
ISHARES TR RUSSELL 2000 464287655 1118 14051 SH DEFINED 1 14051 0 0
ISHARES TR S&P CITINT TBD 464288117 393 4000 SH DEFINED 1 4000 0 0
ISHARES TR DJ US TECH SEC 464287721 3245 45554 SH DEFINED 2 45554 0 0
ISHARES TR RUSSELL 1000 464287622 467 6200 SH DEFINED 1 6200 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1139 81760 SH DEFINED 1 0 0 81760
JPMORGAN CHASE & CO COM 46625H100 1433 40100 SH DEFINED 1 0 0 40100
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 1504 46003 SH DEFINED 1 0 0 46003
LILLY ELI & CO COM 532457108 400 9300 SH DEFINED 1 9300 0 0
MAGNA INTL INC COM 559222401 268 6784 SH DEFINED 1 0 0 6784
MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 2091 108800 SH DEFINED 2 108800 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 2002 44700 SH DEFINED 2 44700 0 0
MFA FINANCIAL INC COM 55272X102 1617 204960 SH DEFINED 2 204960 0 0
MFA FINANCIAL INC COM 55272X102 1007 127600 SH DEFINED 2,3 127600 0 0
MICROSOFT CORP COM 594918104 1481 48400 SH DEFINED 1 0 0 48400
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 578 33600 SH DEFINED 1 0 0 33600
MORGAN STANLEY ASIA PAC FD I COM 61744U106 3986 291137 SH DEFINED 2,3 291137 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 13144 681289 SH DEFINED 2,3 681289 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 2170 112500 SH DEFINED 2 112500 0 0
MYLAN INC COM 628530107 1163 54400 SH DEFINED 1 0 0 54400
NATIONAL GRID PLC SPON ADR NEW 636274300 803 15140 SH DEFINED 1 0 0 15140
NEWS CORP CL B 65248E203 1126 50000 SH DEFINED 1 50000 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 810 155100 SH DEFINED 2 155100 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 457 87507 SH DEFINED 2,3 87507 0 0
NOVARTIS A G SPONSORED ADR 66987V109 42 747 SH DEFINED 1 0 0 747
NOVO-NORDISK A S ADR 670100205 45 305 SH DEFINED 1 0 0 305
NTT DOCOMO INC SPONS ADR 62942M201 27 1600 SH DEFINED 1 0 0 1600
NUANCE COMMUNICATIONS INC COM 67020Y100 610 25600 SH DEFINED 1 25600 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 527 39500 SH DEFINED 1 39500 0 0
ORACLE CORP COM 68389X105 829 27900 SH DEFINED 1 0 0 27900
PEPSICO INC COM 713448108 3110 44000 SH DEFINED 1 22900 0 21100
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 451 24000 SH DEFINED 1 0 0 24000
PHILIP MORRIS INTL INC COM 718172109 760 8700 SH DEFINED 1 8700 0 0
PHILLIPS 66 COM 718546104 197 5900 SH DEFINED 1 5900 0 0
POSCO SPONSORED ADR 693483109 467 5800 SH DEFINED 1 0 0 5800
PROCTER & GAMBLE CO COM 742718109 1115 18200 SH DEFINED 1 0 0 18200
REED ELSEVIER P L C SPONS ADR NEW 758205207 53 1637 SH DEFINED 1 0 0 1637
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 455 6745 SH DEFINED 1 0 0 6745
SANDRIDGE MISSISSIPPIAN TR I UNIT BEN INT 80007T101 1102 42800 SH DEFINED 2 42800 0 0
SANOFI SPONSORED ADR 80105N105 517 13660 SH DEFINED 1 0 0 13660
SHAW COMMUNICATIONS INC CL B CONV 82028K200 61 3209 SH DEFINED 1 0 0 3209
SIEMENS A G SPONSORED ADR 826197501 310 3680 SH DEFINED 1 0 0 3680
SK TELECOM LTD SPONSORED ADR 78440P108 1519 125527 SH DEFINED 1 0 0 125527
SPDR GOLD TRUST GOLD SHS 78463V107 2135 13757 SH DEFINED 2 13757 0 0
SPDR SERIES TRUST BRCLYS LG TRS ET 78464A664 1655 22892 SH DEFINED 1 22892 0 0
SPDR SERIES TRUST BRCLYS YLD ETF 78464A417 3375 85506 SH DEFINED 1 85506 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 3330 121600 SH DEFINED 2 121600 0 0
STAPLES INC COM 855030102 529 40500 SH DEFINED 1 0 0 40500
STARWOOD PPTY TR INC COM 85571B105 814 38200 SH DEFINED 2 38200 0 0
STARWOOD PPTY TR INC COM 85571B105 485 22730 SH DEFINED 2,3 22730 0 0
STATOIL ASA SPONSORED ADR 85771P102 116 4829 SH DEFINED 1 0 0 4829
STRYKER CORP COM 863667101 1036 18800 SH DEFINED 1 0 0 18800
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 387 58184 SH DEFINED 1 0 0 58184
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 844 60400 SH DEFINED 1 0 0 60400
TELEFONICA S A SPONSORED ADR 879382208 25 1863 SH DEFINED 1 0 0 1863
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 795 20133 SH DEFINED 1 0 0 20133
THERMO FISHER SCIENTIFIC INC COM 883556102 1002 19300 SH DEFINED 1 0 0 19300
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 27 330 SH DEFINED 1 0 0 330
TRANSOCEAN LTD REG SHS H8817H100 739 16500 SH DEFINED 1 0 0 16500
UBS AG SHS NEW H89231338 405 34576 SH DEFINED 1 0 0 34576
UNILEVER N V N Y SHS NEW 904784709 723 21674 SH DEFINED 1 0 0 21674
UNITEDHEALTH GROUP INC COM 91324P102 948 16200 SH DEFINED 1 16200 0 0
VALE S A ADR REPSTG PFD 91912E204 592 30300 SH DEFINED 1 0 0 30300
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 4938 58510 SH DEFINED 1 58510 0 0
VANGUARD INDEX FDS REIT ETF 922908553 15365 234826 SH DEFINED 1 234826 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 703 9241 SH DEFINED 1 9241 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 3356 48148 SH DEFINED 1 48148 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 451 11271 SH DEFINED 1 11271 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 8651 152600 SH DEFINED 2 152600 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 617 21891 SH DEFINED 1 0 0 21891
VULCAN MATLS CO COM 929160109 425 10700 SH DEFINED 1 10700 0 0
WAL-MART STORES INC COM 931142103 893 12800 SH DEFINED 1 0 0 12800
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 2459 67340 SH DEFINED 1 16500 0 50840
WISDOMTREE TRUST CHINESE YUAN ETF 97717W182 4410 174910 SH DEFINED 2,3 174910 0 0
WPP PLC ADR 92933H101 442 7250 SH DEFINED 1 0 0 7250