ORIX CORP — Director's Dealing 2017

Jul 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOULIHAN LOKEY, INC. (HLI)
CIK: 0001302215
Period of Report: 2017-07-26

Reporting Person: ORIX HLHZ Holding LLC (10% Owner)
Reporting Person: ORIX CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-26	Class A Common Stock	C	1500000	—	Acquired	3000000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-26	Class B Common Stock	$	C	1500000	Disposed		Class A Common Stock (1500000)	Direct

Footnotes

F1: Represents Class A Common Stock received upon conversion of Class B Common Stock.

F2: Owned directly by ORIX HLHZ Holding LLC. Also owned indirectly, through subsidiaries, by ORIX Corporation.

F3: Convertible into Class A Common Stock on one-for-one basis, upon transfer or final conversion dates.