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Option 1: Lata Mangeshkar is not a recipient of the highest French Civilian Award of the `Knight of Legion`. So, this option is incorrect.
Option 2: Kishore Kumar is not a recipient of the highest French Civilian Award of the `Knight of Legion`. Satyajit Ray, on the other hand, is a recipient of the award. So, this option is also incorrect.
Option 3: This option states that the recipients of the highest French Civilian Award of the `Knight of Legion` are 1, 3, and 4. Satyajit Ray and Amitabh Bachchan are indeed recipients of the award. Therefore, this option is correct.
Option 4: This option states that all four individuals listed are recipients of the highest French Civilian Award of the `Knight of Legion`. However, Lata Mangeshkar and Kishore Kumar are not recipients of this award. Therefore, this option is incorrect.
To summarize, the correct answer is option 3: 1, 3, and 4. Satyajit Ray and Amitabh Bachchan are the recipients of the highest French Civilian Award of the `Knight of Legion`.