Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
Chen Tian Qiao
   2. Issuer Name and Ticker or Trading Symbol
LEGG MASON, INC. [LM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
8 STEVENS ROAD, 		 3. Date of Earliest Transaction (Month/Day/Year)
08/19/2016
(Street)

SINGAPORE, U0 257819		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Put Option (obligation to buy) $ 14 08/19/2016   E V   49,000 07/06/2016 08/19/2016 Common Stock 4,900,000 $ 0 0 I Please see footnote (1)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Chen Tian Qiao
8 STEVENS ROAD
SINGAPORE, U0 257819		     X    
Shanda Media LTD
NO. 1 OFFICE BUILDING, NO. 690
PUDONG, NEW AREA
SHANGHAI, F4 201203		     X    
Shanda Investment Group Ltd
FIRST REGISTER OFFICE
WOODBOURNE HALL, ROAD TOWN
TORTOLA, D8 00000		     X    
Shanda Technology Overseas Capital Co.
REGISTERED OFFICE, CRICKET SQUARE
HUTCHINS DRIVE, PO BOX 2681
GRAND CAYMAN, E9 KY1-1111		     X    
SHANDA ASSET MANAGEMENT HOLDINGS Ltd
8 STEVENS ROAD
SINGAPORE, U0 257819		     X    

Signatures

 /s/ Tianqiao Chen   08/24/2016
**Signature of Reporting Person Date
 /s/ Tianqiao Chen, Director of Shanda Media Limited   08/24/2016
**Signature of Reporting Person Date
 /s/ Tianqiao Chen, Director of Shanda Investment Group Limited   08/24/2016
**Signature of Reporting Person Date
 /s/ Tianqiao Chen, Director of Shanda Technology Overseas Capital Company Limited   08/24/2016
**Signature of Reporting Person Date
 /s/ Tianqiao Chen, Director of Shanda Asset Management Holdings Limited   08/24/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) The put options set forth in Table II represented an obligation on the part of Shanda Asset Management Holdings Limited to buy the underlying common stock from the holders of such options, at such holders' discretion and were sold by Shanda Asset Management Holdings Limited before the reporting persons became subject to Section 16. Mr. Tianqiao Chen is the sole shareholder of Shanda Media Limited. Shanda Media Limited owns 70% of all outstanding and issued shares of Shanda Investment Group Limited which is the sole shareholder of Shanda Technology Overseas Capital Company Limited. Shanda Technology Overseas Capital Company Limited is the sole shareholder of Shanda Asset Management Holdings Limited.

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