Whittemore Laurence 5
5 · Hamilton Lane INC · Filed May 15, 2019
Insider Transaction Report
Form 5
Whittemore Laurence
10% Owner
Transactions
- Gift
Class B Common Stock
2018-09-01+181,880→ 181,880 total - Gift
Class B Units
2018-09-01+181,880→ 181,880 total(indirect: See footnote)→ Class A Common Stock (181,880 underlying)
Footnotes (4)
- [F1]On the transaction date, the reporting person received 181,880 shares of Class B common stock and 181,880 Class B Units as a distribution from the Initial Trust Under the Frederick B. Whittemore 2008 Children's Trust Agreement Dated November 25, 2008.
- [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 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 of HLA do not have an expiration date.
- [F4]Held on behalf of the reporting person by HLA Investments, LLC.