Hamilton Lane INC — Director's Dealing 2021

Mar 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Hamilton Lane INC (HLNE)
CIK: 0001433642
Period of Report: 2021-03-14

Reporting Person: Donohue Michael T. (Managing Director & Controller, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-30	Class A Common Stock	A	96	$54.90	Acquired	30022	Direct
2020-12-31	Class A Common Stock	A	80	$66.34	Acquired	30102	Direct
2021-03-14	Class A Common Stock	A	626	—	Acquired	30728	Direct
2021-03-14	Class A Common Stock	F	611	$87.10	Disposed	30117	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	26819	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Units	$		Class A Common Stock (26819.0)	26819	Indirect
Class C Units	$		Class A Common Stock (8204.0)	8204	Indirect

Footnotes

F1: These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).

F2: 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.

F3: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

F4: 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.

F5: 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.

F6: Held on behalf of the reporting person by HL Management Investors, LLC.