ORIX CORP — Director's Dealing 2018

May 22, 2018

SEC Form 4/A — Form 4/A

Issuer: HOULIHAN LOKEY, INC. (HLI)
CIK: 0001302215
Period of Report: 2018-05-16

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
2018-05-16	Class A Common Stock	S	25307	$49.1373	Disposed	974693	Direct
2018-05-17	Class A Common Stock	S	110665	$48.9361	Disposed	864028	Direct
2018-05-18	Class A Common Stock	S	82028	$48.6495	Disposed	782000	Direct

Footnotes

F1: Reflects a weighted average sale price of $49.1373 per share, at prices ranging from $48.95 to $49.60 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 $48.9361 per share, at prices ranging from $48.7838 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.

F3: Reflects a weighted average sale price of $48.6495 per share, at prices ranging from $48.50 to $48.86 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.

F4: Owned directly by ORIX HLHZ Holding LLC. Also owned indirectly, through subsidiaries, by ORIX Corporation.