UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 February 14, 2012
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
28-1801 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: 131
Form13F Information Table Value Total: $230,124 (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 1454 27300 SH DEFINED 1 27300 0 0
AFLAC INC COM 001055102 5 110 SH DEFINED 1 110 0 0
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 12 591 SH DEFINED 1 591 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 4 130 SH DEFINED 1 130 0 0
ANADARKO PETE CORP COM 032511107 878 11500 SH DEFINED 1 11500 0 0
APACHE CORP COM 037411105 553 6100 SH DEFINED 1 6100 0 0
APPLE INC COM 037833100 50 122 SH DEFINED 1 122 0 0
ARCH CAP GROUP LTD ORD G0450A105 905 24300 SH DEFINED 1 24300 0 0
ASHFORD HOSPITALITY TR INC CV PFD SER E 044103505 1637 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 6 200 SH DEFINED 1 200 0 0
BEST BUY INC COM 086516101 585 25000 SH DEFINED 1 25000 0 0
BIOMED REALTY TRUST INC COM 09063H107 2351 130000 SH DEFINED 1 130000 0 0
BLOCK H & R INC COM 093671105 610 37300 SH DEFINED 1 37300 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 3101 308220 SH DEFINED 1 308220 0 0
CBS CORP NEW CL B 124857202 10 350 SH DEFINED 1 350 0 0
CHEVRON CORP NEW COM 166764100 862 8095 SH DEFINED 1 8095 0 0
CHICOS FAS INC COM 168615102 4 351 SH DEFINED 1 351 0 0
CHIMERA INVT CORP COM 16934Q109 3409 1358012 SH DEFINED 1 1358012 0 0
CHINA FD INC COM 169373107 7694 375098 SH DEFINED 1 375098 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 8 21 SH DEFINED 1 21 0 0
CINTAS CORP COM 172908105 714 20500 SH DEFINED 1 20500 0 0
CITIGROUP INC COM NEW 172967424 32 1207 SH DEFINED 1 1207 0 0
COGDELL SPENCER INC COM 19238U107 872 205000 SH DEFINED 1 205000 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 1664 100000 SH DEFINED 1 100000 0 0
COMSTOCK RES INC COM NEW 205768203 11 660 SH DEFINED 1 660 0 0
CONOCOPHILLIPS COM 20825C104 860 11800 SH DEFINED 1 11800 0 0
CONSTELLATION ENERGY GROUP I COM 210371100 4 100 SH DEFINED 1 100 0 0
CORELOGIC INC COM 21871D103 6 426 SH DEFINED 1 426 0 0
CVS CAREMARK CORPORATION COM 126650100 1383 33900 SH DEFINED 1 33900 0 0
DCT INDUSTRIAL TRUST INC COM 233153105 2857 557830 SH DEFINED 1 557830 0 0
DIGITAL RLTY TR INC COM 253868103 3001 45000 SH DEFINED 1 45000 0 0
DOLLAR TREE INC COM 256746108 23 267 SH DEFINED 1 267 0 0
EMCOR GROUP INC COM 29084Q100 510 19000 SH DEFINED 1 19000 0 0
ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 4896 112000 SH DEFINED 1 112000 0 0
ETFS PALLADIUM TR SH BEN INT 26923A106 687 10638 SH DEFINED 1 10638 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 4029 29228 SH DEFINED 1 29228 0 0
EXCEL TR INC COM 30068C109 1980 165000 SH DEFINED 1 165000 0 0
EXELON CORP COM 30161N101 1202 27700 SH DEFINED 1 27700 0 0
EXXON MOBIL CORP COM 30231G102 46 531 SH DEFINED 1 531 0 0
F5 NETWORKS INC COM 315616102 4 30 SH DEFINED 1 30 0 0
FAMILY DLR STORES INC COM 307000109 8 123 SH DEFINED 1 123 0 0
FASTENAL CO COM 311900104 5 94 SH DEFINED 1 94 0 0
FEDEX CORP COM 31428X106 10 115 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 9 640 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 5351 410000 SH DEFINED 1 410000 0 0
FIRSTENERGY CORP COM 337932107 5 100 SH DEFINED 1 100 0 0
FLUOR CORP NEW COM 343412102 865 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 8 576 SH DEFINED 1 576 0 0
GENERAL ELECTRIC CO COM 369604103 49 2700 SH DEFINED 1 2700 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 9 98 SH DEFINED 1 98 0 0
GOOGLE INC CL A 38259P508 1486 2300 SH DEFINED 1 2300 0 0
GREENHILL & CO INC COM 395259104 6 150 SH DEFINED 1 150 0 0
HCC INS HLDGS INC COM 404132102 385 14000 SH DEFINED 1 14000 0 0
HCP INC COM 40414L109 4964 119800 SH DEFINED 1 119800 0 0
HEALTH CARE REIT INC COM 42217K106 4526 83000 SH DEFINED 1 83000 0 0
HEWLETT PACKARD CO COM 428236103 426 16500 SH DEFINED 1 16500 0 0
HIGHWOODS PPTYS INC COM 431284108 1929 65000 SH DEFINED 1 65000 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 2496 108580 SH DEFINED 1 108580 0 0
HUNT J B TRANS SVCS INC COM 445658107 7 139 SH DEFINED 1 139 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 1599 210000 SH DEFINED 1 210000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2 9 SH DEFINED 1 9 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1604 114100 SH DEFINED 1 114100 0 0
ISHARES INC MSCI JAPAN 464286848 5463 599629 SH DEFINED 1 599629 0 0
ISHARES INC MSCI S KOREA 464286772 4839 92580 SH DEFINED 1 92580 0 0
ISHARES TR RUSSELL 1000 464287622 80 1140 SH DEFINED 1 1140 0 0
ISHARES TR DJ OIL EQUIP 464288844 3251 62600 SH DEFINED 1 62600 0 0
ISHARES TR BARCLYS INTER CR 464288638 40 370 SH DEFINED 1 370 0 0
ISHARES TR MRTG PLS CAP IDX 464288539 1963 155000 SH DEFINED 1 155000 0 0
ISHARES TR S&P CITINT TBD 464288117 40 400 SH DEFINED 1 400 0 0
ISHARES TR RUSSELL 2000 464287655 745 10089 SH DEFINED 1 10089 0 0
ISHARES TR RUSSELL1000GRW 464287614 1344 23256 SH DEFINED 1 23256 0 0
ISHARES TR RUSSELL1000VAL 464287598 3198 50377 SH DEFINED 1 50377 0 0
ISHARES TR MSCI EAFE INDEX 464287465 6176 124672 SH DEFINED 1 124672 0 0
ISHARES TR IBOXX INV CPBD 464287242 3555 31250 SH DEFINED 1 31250 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 7991 229150 SH DEFINED 1 229150 0 0
ISHARES TR BARCLYS TIPS BD 464287176 6908 59193 SH DEFINED 1 59193 0 0
ISHARES TR DJ US TECH SEC 464287721 4716 73800 SH DEFINED 1 73800 0 0
JPMORGAN CHASE & CO COM 46625H100 558 16755 SH DEFINED 1 16755 0 0
KILROY RLTY CORP COM 49427F108 5585 146700 SH DEFINED 1 146700 0 0
KITE RLTY GROUP TR COM 49803T102 1191 264000 SH DEFINED 1 264000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 4941 160000 SH DEFINED 1 160000 0 0
MACERICH CO COM 554382101 6325 125000 SH DEFINED 1 125000 0 0
MACK CALI RLTY CORP COM 554489104 3203 120000 SH DEFINED 1 120000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 2042 39700 SH DEFINED 1 39700 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 2498 101100 SH DEFINED 1 101100 0 0
MERCURY GENL CORP NEW COM 589400100 10 200 SH DEFINED 1 200 0 0
MFA FINANCIAL INC COM 55272X102 2767 411660 SH DEFINED 1 411660 0 0
MGM RESORTS INTERNATIONAL COM 552953101 4 350 SH DEFINED 1 350 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 4168 318143 SH DEFINED 1 318143 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 10150 524465 SH DEFINED 1 524465 0 0
MSC INDL DIRECT INC CL A 553530106 4 54 SH DEFINED 1 54 0 0
NEWS CORP CL B 65248E203 895 49200 SH DEFINED 1 49200 0 0
NRG ENERGY INC COM NEW 629377508 486 26800 SH DEFINED 1 26800 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 398 15800 SH DEFINED 1 15800 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 5805 300000 SH DEFINED 1 300000 0 0
PEPSICO INC COM 713448108 870 13100 SH DEFINED 1 13100 0 0
PHILIP MORRIS INTL INC COM 718172109 942 12000 SH DEFINED 1 12000 0 0
PLAINS EXPL& PRODTN CO COM 726505100 20 528 SH DEFINED 1 528 0 0
POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 2022 70000 SH DEFINED 1 70000 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 10 401 SH DEFINED 1 401 0 0
PRICELINE COM INC COM NEW 741503403 6 11 SH DEFINED 1 11 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 4 124 SH DEFINED 1 124 0 0
PROCTER & GAMBLE CO COM 742718109 719 10770 SH DEFINED 1 10770 0 0
PROTECTIVE LIFE CORP COM 743674103 8 331 SH DEFINED 1 331 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 2435 247620 SH DEFINED 1 247620 0 0
REGENCY CTRS CORP COM 758849103 3198 85000 SH DEFINED 1 85000 0 0
ROYAL GOLD INC COM 780287108 11 150 SH DEFINED 1 150 0 0
SEARS HLDGS CORP COM 812350106 2 36 SH DEFINED 1 36 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3715 285700 SH DEFINED 1 285700 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2020 90000 SH DEFINED 1 90000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 8 55 SH DEFINED 1 55 0 0
SIRIUS XM RADIO INC COM 82967N108 4 1949 SH DEFINED 1 1949 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2520 16580 SH DEFINED 1 16580 0 0
SPDR SERIES TRUST BRCLYS YLD ETF 78464A417 3219 83715 SH DEFINED 1 83715 0 0
STARWOOD PPTY TR INC COM 85571B105 1574 85000 SH DEFINED 1 85000 0 0
TARGET CORP COM 87612E106 5 81 SH DEFINED 1 81 0 0
UDR INC COM 902653104 5 173 SH DEFINED 1 173 0 0
UNITEDHEALTH GROUP INC COM 91324P102 898 17700 SH DEFINED 1 17700 0 0
US BANCORP DEL COM NEW 902973304 21 740 SH DEFINED 1 740 0 0
VANGUARD INDEX FDS REIT ETF 922908553 11942 205891 SH DEFINED 1 205891 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 3032 47141 SH DEFINED 1 47141 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 392 10257 SH DEFINED 1 10257 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 9417 172300 SH DEFINED 1 172300 0 0
VORNADO RLTY TR SH BEN INT 929042109 8 100 SH DEFINED 1 100 0 0
WELLS FARGO & CO NEW COM 949746101 23 830 SH DEFINED 1 830 0 0
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 641 16500 SH DEFINED 1 16500 0 0
WISDOMTREE TRUST CHINESE YUAN ETF 97717W182 4406 174910 SH DEFINED 1 174910 0 0