0001193125-04-099031 Sample Contracts

LEGG MASON, INC. NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • June 4th, 2004 • Legg Mason Inc • Security brokers, dealers & flotation companies

This option is subject in all respects to the applicable provisions of the Plan, which is incorporated herein by reference and made a part hereof. In addition to the terms, conditions and restrictions set forth in the Plan, all terms, conditions and restrictions set forth in this Agreement, including the following, are applicable to the option granted by this Agreement:

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LEGG MASON, INC. RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • June 4th, 2004 • Legg Mason Inc • Security brokers, dealers & flotation companies • Maryland

This Award is subject in all respects to the applicable provisions of the Plan. Such provisions are incorporated herein by reference and made a part hereof. Capitalized terms not defined herein that are defined in the Plan shall have the meanings specified in the Plan.

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