ORIX CORP — Director's Dealing 2018

Aug 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOULIHAN LOKEY, INC. (HLI)
CIK: 0001302215
Period of Report: 2018-08-01

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
2018-08-01	Class A Common Stock	S	44712	$49.0171	Disposed	1040288	Direct
2018-08-02	Class A Common Stock	S	500000	$48.5424	Disposed	540288	Direct

Footnotes

F1: Reflects a weighted average sale price of $49.0171 per share, at prices ranging from $49.00 to $49.16 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

F2: Reflects a weighted average sale price of $48.5424 per share, at prices ranging from $48.50 to $48.85 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

F3: Owned directly by ORIX HLHZ Holding LLC. Also owned indirectly, through subsidiaries, by ORIX Corporation.