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Hamilton Lane INC — Director's Dealing 2018
Mar 7, 2018
30753_dirs_2018-03-07_7bcbd176-371d-459d-933c-632c141d29d6.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: 2018-03-05
Reporting Person: Giannini Mario L (Director, Chief Executive Officer, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-05 | Class B Common Stock | J | 278508 | $0.001 | Disposed | 2949595 | Direct |
| 2018-03-05 | Class B Common Stock | J | 664567 | $0.001 | Disposed | 2862736 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-05 | Class B Units | $ | J | 278508 | Disposed | Class A Common Stock (278508.0) | Direct | |
| 2018-03-05 | Class B Units | $ | J | 664567 | Disposed | Class A Common Stock (664567.0) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 146854 | Direct |
Footnotes
F1: The reporting person exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, the exchange was settled in cash.
F2: Represents: 2,579,104 securities owned directly by Hamilton Lane Advisors, Inc., an S-corporation that is wholly owned by Mr. Giannini and 283,632 securities owned directly by HLA Investments, LLC. The 664,567 securities previously held on behalf of Mr. Giannini by HL Management Investors, LLC were exchanged pursuant to this transaction.
F3: Total number of shares includes restricted Class A common stock previously reported in Form 4.
F4: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. 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 do not have an expiration date.