FINANCIAL DISCLOSURE REPORT FOR CALENDAR YEAR 2010

I. Person Reporting 0~st name, first, mlddle initial) Legg, Benson E.

4. Title (Article I!1 judge~ indicnte active or senior statue; magistratojudges indicate full- or part-time) 2. Court or Organization

Report Required by the Ethi~ in Government Act of 1978 (5 U.$.C. app. 101-I11)

3. Date of Report 07/06/2011

Reporting Period 01/01/2010 go 12/31/2010

United States District Court, Mmyland

Report Type (check appropriate type)

Nomination, [] Initial

Dale [] Annual [] Fin,l

U.S. District Judge (Active)

5b. [] Amended Report 7. Chambers or Office Addres~

8.On the beds of the information contained in this Report and any modifications pertaining thereto, it is, in my opinion, in compliance with applicable laws and regulations.

I01 W. Lombard Street Suite 7A Baltimore, Maryland 21201

Reviewing Officer

Date

IMPORTANT NO TES: The instru~o~s accompanying this farm must be foilowe& Compl~t# all parts,
checking the NONE box for each part where you have no reportable information. Sign on last peg.-

POSITION
I. 2. UTMA Trustee UTMA Trustee

NAME OF ORGANIZATION/ENTITY
Custodial Accounts at Legg Mason Custodial Accounts at T.Row Price Custodial Accounts at Morgan Stanley Smith Barney State of Maryland - University of Baltimore Law School

3. UTMA Trustee
4. Ins~uc~or

NONE (No reportable agreements.)

DATE

PARTIES AND TERMS

Le.q.q, Benson, E.

FINANCIAL DISCLOSURE REPORT Page 2 of 8

N~me of Person Reporting Legg, Benson E.

Date of Repor! 07106/201 I

III. NON-INVESTMENT INCOME. ~Repo,an~in~l~t~ol*,~spous,~

A. Fliers Non-Investment Income

D
I. 2010 2. 3. 4.

NONE (No reportable non-investment income,)

DATE SOURCE AND TYpI~ State of Maryland - University of Baltimore Law School -- Wages

INCOME
(yours, not spouses) $3,600.00

B. Spouses Non-Investment Income - ~f y,u ~ merried during any portlon of the reporting year, complete
(Dollar ~ount not required ~cept for hono~ria.)

NONE ~o reportable non-investment income.)

]DATE
I. 2010 2. 2010 3. 4.

SOURCE AND TYPE

Legg Mason -- Deferred Compensation payout stock option exerice Eastman Kodak Company - Directors

IV. REIMBURSEMENTS -transportation. lodging, food, entertainment.

(Includes thos~ to spouse and dep~ndent children: ~ee pp. 2J-27 of filtng instructions.)

NONE(No reportable reimbursements.) SOURCE DATES LOCATION PURPOSE ITEMS PAID OR PROVIDED

2. 3. 4. 5.

FINANCIAL DISCLOSURE REPORT Page 3 of 8

Name of Person Reporting

Date of Report 07/06/2011

Legg, Benson E.

~-~

NONE (No reportabl~ gifts.) SOURCE DESCRIPTION

1. 2. 3.

NONE (No reportable liabilities.)

CREDITOR
I. 2. 3. 4, 5. Chase Revolving credit card

DESCRIPTION

FINANCIAL DISCLOSURE REPORT Page 4 of 8 VII. INVESTMENTS and TRUSTS

V--]

Name of Person Reporting Legg, Benson E.

Date of Report 07/06/2011

NONE (No reportable income, assets, or transactions.)

D. Transactions during reporting l~riod "
(2) (3) ...(4) (~) i : i

Date

valde Gain . (J-P). (A-I~

Identity Of

( fpri,at~., , tr~macti~O): .,

I. 2. 3. 4, 5, 6. 7, g. 9. 10. 11. 12. 13. 14. 15. 16.

T.Rowe Price New Horizons, UTMA # I T.Rowe Price New Horizons, UTMA #2 Morgan Stanley Smith Barney (LMNSX) IRA #1 Morgan Stanley Smith Barney (LMNVX) IRA #1 Morgan Stanley Smith Barney (LMNOX) IRA #I Morgan Stanley Smith Barney (Amazon.corn) -IRA #2 Morgan Stanley Smith Barney (Bk Dep) IRA #2 Dreyfus MM Morgan Stanley Smith Barney (LMNVX) IRA #2 Morgan Stanley Smith Barney (LlvlNOX) IRA #2

A A

Dividend Dividend None None None None None None None

K K J N N M J M O

T T T T T T T T T

Buy (addl)

05/20110

Buy (addl) Sold (part)

Sold (part)

05/20t10 07/12JI0 10/12/10

J J J

Morgan Stanley Smith Barney (LMNSX) IRA #2 Morgan Stanley Smith Barney (LMNVX) IND #2 Morgan Stanley Smith Barney (LMNOX) 1ND #2 Morgan Stanley Smith Barney (LMNSX) IND #2 Morgan Stanley Smith Barney (Amazon) IND #2

None None None None None None

J M N M M J

T T T T T T Donated Sold Sold 12/20/10 J 12/20/i 0 K

(part) (part)

(part)

17. MorganStanley Smith Barney(Biosante Pharm) IND #2 X

1. Income Gain Cod~: i" (Sen Colu~ea BI and D4)2 Value Cod~ ~ : (~ Colu~ CI ~dDS) ...., ..... : 3. VaI~ Melh~ (St= Column ~)

F-$50200i. $IO0,OO0 : - , :, .G -$100 o01 - $ I ooo,o00 N -$2~0 001 - $500 000 . : : : O -$500 Q01 - S 1,0~.000

c,~s2,5Ol: $~.o0o ~ "-si oo0oo1 -S5 ooo,ooo

L ~$50,001., P4 ~Mor~ th~n $50,000.000

D -$5,001 - $15,000 H2 =More thsn $5,000,000 : P2 -.55 000 001 - $2~,000,000

E =3 H,OOI- $50,000 ~ . "

11 k$i200000t -$~,000.000
W =Estimated

"

FINANCIAL DISCLOSURE REPORT Page 5 of 8

Name of Person Reporting Legg, Benson E.

Date of Report 07106/2011

NONE (No reportable income, assets, or transactions.)

tionofAssets " ... : " ; ~ " .: " Income dmSng. . ;, i..";. ~ 10~rip : Gross ~lu~at ~d: / ". Trni~aeti?ns during ~p~ng ~fiod " " " : "" :

....:.~~, :~:~ :~:~:~~:..~": :

~ .: . ~:/.:.:~ O) ~ ".~)

~-:.;" ~:~)a~cha=, /: .:".:-~0~t".:T~(e.g~,

?..:::~.iY~:~:..:~:~~ ::./. 7.:(,)

.:~Vhl4~.;~:.:.:~:~,~;~:.:::.:: :~(e.&.,

" ~2) o) (~)

." :.8): ;~;"

.ldm~of".:. :.:

Date Vaiue Gain

18. 19. 20.

21. 22. 23. 24. 25. ! 26. 27.

Morgan Stanley Smith Barney (Qualeomm) A -rND #2 Morgan Stanley Smith Barney (Legg Mason Ine)-IND #2 D

Dividend Dividend

K P1

T T
Donated

(p~rt)

Donated Sold (part) Spinoff (from llne 27)

12/20110 03/10/10 10/05/I 0

J M M

Spinoff
(from line 33) Morgan Stanley Smith Barney (Bank I~poslt) IND #2 [,egg Mason 401K (Special Investment) Legg Mason 401K {Valuedlnst) Lcgg Mason Phantom Stock PlanA Interest None None None

L K N

T T T
Buy (addl) Closed 03/01/10 J 03/10/10 M

J
29. Pioneer Natural Resources HCW Drilling Partnership Units 1980-1, Unpriced Security HCW Drilling Partnerships Units 1979-1, Unpriced Security Koger Partnership, LTD Legg Mason ESPP (The Bank of NY Mellon) Legg Mason Inst Funds # 1 (Value Trust), UTMA #I A None None None None Dividend Node

u T W W W T T Distributed 10105110 ] M (part)

30. 31. 32. : 33. 34.

FINANCIAL DISCLOSURE REPORT Page 6 of 8

Name of Person Reporting Legg, Benson E.

Date of Report 07106/2011

VI I. INVESTMENTS and TRUSTS -

N ONE ~o reportable income, assets, or transactions.) . . A. "" B. .. " ~.~:.:.~:~1~ "":~ " " . . ..D. "~

35. 36. 37. 38. 39. ,01 41. 42. 1 43. 44. ,15. 46. i 47. 48. 49.

Legg Mason lnst Funds #1 (Oppr Trust), UTMA #1 Legg Mason Inst Funds #2 (Value Trust), Legg Mason lnst Funds #2 (Oppr Trust), UTMA #2 Legg Mason Capital Management Research Fund LMCM Income Opp Fund LMCM Small Cap Fund LLC LMCM Systematic Value Fund LLC Motgan Stanley Smith Barney (LMOPX)IRA #3 Morgan Stanley Smith Barney (LMASX) IRA #3 Morgan Stanley Smith Barney (LMASX) Morgan Stanley Smith Barney (Bank Deposit) Rental Property - Baltimore City, MD $1,248,900.00 Merrill Lynch - Legg Mason Inc A F A C A A

None None None Int./Div. lntJDiv. lnt./Div. lnt./Div. None None None Interest Rent None

M K M K K K K
J

T T T U U U U
T

J K N PI

T T T S

Buy Buy

04/08!10 04/08/10

J J

Buy Boy

03/25/10 03/25/10 03/26/10 03/26110

L N M N

(add~)
Sold (part) Sold

i50.

E=$ Loo~-s~o,ooo

FINANCIAL DISCLOSURE REPORT Page 7 of 8

Name of Person Reporting Legg, Benson E.

Date of Report 07106/2011

VIII. ADDITIONAL INFORMATION OR EXPLANATIONS.

Part VIII. Investments and Trusts: Legg Mason Phontom Stock Plan - (line 27) Closed in 2010 and all assets transferred into the Morgan Stanley Smith Barney (legg Mason) IND #2 (line 19). see spinoff notation. Legg Mason ESPP (The Bank of I,Pi Mellon) (line 33) - All assets (except dividend that posted at~er transfer, therefore account is sti|l opcn) tramf~r~e.d into the Morgan Stanley Smith Barney (Lcgg Mason) Ib[D #2 (line 19). see spinoff notation.
Merrill Lynch - Legg Mason Inc - (line 47) Opened and Closed in 2010. This account was opened to exceris~ 3,240 Lcgg Mason, lnc Incentive Stock Options on 3/25/10, exerlse 12,960 Legg Mason, lnc Non-Qualified Stock Options on 3/25/10,.both were sold on 3/26/10 & 3/30/10.

FINANCIAL DISCLOSURE REPORT Page 8 of 8 IX. CERTIFICATION.

Name oiPerson Reporting Legg, Benson E.

Date or Report 07/06/201 I

I certify that all information given above (including information pertaining to my spouse and minor or dependent children, if any) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported was withheld because it met applicable statutory provislens permitting non-disclosure. I further certify that earned Income from outside employment and honoraria and the acceptance of gifts which have been reported are in compliance with the provisions of 5 U.S.C. app. 501 et. seq., 5 U.S.C. 7353, and Judicial Conference regulations.

NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILFULLY F/ AND CRIMINAL SANCTIONS (5 U.S.C. app. I04)

ECT TO CIVIL

Committee on Financial Disclosure Administrative Office of the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C. 20544