Kelly Michael John 4
4 · Hamilton Lane INC · Filed Apr 2, 2018
Insider Transaction Report
Form 4
Kelly Michael John
10% Owner
Transactions
- Disposition to Issuer
Class A Common Stock
2018-03-30−7,544→ 7,584 total
Holdings
- 301,886(indirect: See footnote)
Class C Units
→ Class A Common Stock (301,886 underlying) - 82,605(indirect: See footnote)
Class B Units
→ Class A Common Stock (82,605 underlying) - 82,605
Class B Common Stock
Footnotes (4)
- [F1]Shares forfeited to the Issuer pursuant to the Issuer's 2017 Equity Incentive Plan in connection with the reporting person's retirement from the company.
- [F2]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.
- [F3]Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering, 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.
- [F4]Held on behalf of the reporting person by HL Management Investors, LLC.