Brennan Stephen R. 4
4 · Hamilton Lane INC · Filed Mar 18, 2019
Insider Transaction Report
Form 4
Brennan Stephen R.
10% Owner
Transactions
- Award
Class A Common Stock
2019-03-14+5,925→ 47,298 total - Tax Payment
Class A Common Stock
2019-03-14$43.55/sh−4,057$176,682→ 43,241 total - Other
Class C Units
2019-03-14$45.65/sh−20,000$913,000→ 154,451 total(indirect: See footnote)→ Class A Common Stock (20,000 underlying)
Holdings
- 141,917
Class B Common Stock
- 141,917(indirect: See footnote)
Class B Units
→ Class A Common Stock (141,917 underlying)
Footnotes (6)
- [F1]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.
- [F2]Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
- [F3]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.
- [F4]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.
- [F5]The reporting person exchanged Class C Units with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.
- [F6]Held on behalf of the reporting person by HL Management Investors, LLC.