Hamilton Lane INC — Director's Dealing 2021

Jun 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Hamilton Lane INC (HLNE)
CIK: 0001433642
Period of Report: 2021-06-17

Reporting Person: Lucey Kevin J. (Chief Operating Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-17	Class A Common Stock	F	5891	$91.32	Disposed	16039	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	58010	Indirect
Class B Common Stock	190869	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Units	$		Class A Common Stock (190869.0)	190869	Indirect
Class C Units	$		Class A Common Stock (25557.0)	25557	Indirect

Footnotes

F1: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

F2: These shares are owned directly by a trust for the benefit of Mr. Lucey's spouse and children, of which his spouse is a trustee.

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 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.