United States

People: Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

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Reed, W. Allen 

Mr. W. Allen Reed is an Independent Director of the Company. He has been a director of Legg Mason since April 2006 and served as our independent Chairman from September 2012 through July 2013. From January 2006 to March 2006, Mr. Reed served as Chairman of the Board of General Motors Asset Management Corporation (“GMAMC”), the investment management subsidiary of General Motors Corporation, where he served as Vice President until March 2006. He also served as Chairman of the Board and Chief Executive Officer of General Motors Trust Bank, N.A. until March 2006; as Chief Executive Officer and President of GMAMC and General Motors Investment Management Corporation until December 2005; and as Chairman of the Board and Chief Executive Officer of General Motors Trust Company until March 2006. Mr. Reed served as Senior Advisor to Aetos Capital from 2006 to 2011, as a director of Temple-Inland Industries from 2000 to February 2012 and as a director of General Motors Acceptance Corp from September 1994 to March 2006. Mr. Reed has also served as a director of numerous mutual funds (96 as of December 31, 2015) in the Morgan Stanley mutual funds complex since 2006, and as Chairman of the Investment Committee of the Auburn University Foundation Fund from 2012 to 2014.

Basic Compensation

Total Annual Compensation, USD 96,000
Restricted Stock Awards, USD 125,016
Long-Term Incentive Plans, USD --
All Other, USD --
Fiscal Year Total, USD 221,016

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --