AI assistant
Hamilton Lane INC — Director's Dealing 2017
Mar 30, 2017
30753_dirs_2017-03-30_1c2324f5-63f5-460f-ba41-6cf1f34b7308.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Hamilton Lane INC (HLNE)
CIK: 0001433642
Period of Report: 2017-03-28
Reporting Person: Yett Paul R. (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-28 | Class A Common Stock | F | 1825 | $18.79 | Disposed | 3017 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Restricted Class A Common Stock | 9979 | Direct |
| Class B Common Stock | 564331 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Units | $ | Class A Common Stock (564331.0) | 564331 | Indirect | |
| Class C Units | $ | Class A Common Stock (734145.0) | 734145 | Indirect |
Footnotes
F1: Shares delivered to the issuer for the payment of witholding taxes due upon the vesting of restricted stock previously granted.
F2: In the reorganization(the "Reorganization") of Hamilton Lane Advisors, L.L.C. ("HLA") in connection with the Issuer's initial public offering (the "IPO"), shares of the Class B common stock of the Issuer, par value $0.001 per share, were issued and sold at par value to certain persons who held voting interests in HLA prior to the Reorganization. The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.
F3: Held on behalf of the reporting person by HL Management Investors, LLC.
F4: Pursuant to an Exchange Agreement entered into in connection with the Reorganization, the Class B Units and Class C Units of HLA are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.