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Hamilton Lane INC — Director's Dealing 2018
Mar 16, 2018
30753_dirs_2018-03-16_0eee141f-dd6f-4c3f-bfdd-485f04716078.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Hamilton Lane INC (HLNE)
CIK: 0001433642
Period of Report: 2018-03-14
Reporting Person: Yett Paul R. (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-14 | Class A Common Stock | A | 1236 | — | Acquired | 13373 | Direct |
| 2018-03-14 | Class A Common Stock | F | 1504 | $38.07 | Disposed | 11869 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock | 564331 | Direct |
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 (434145.0) | 434145 | Indirect |
Footnotes
F1: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.
F2: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
F3: 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.
F4: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("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.
F5: Held on behalf of the reporting person by HL Management Investors, LLC.