4//SEC Filing
Kelly Michael John 4
Accession 0001433642-19-000073
CIK 0001433642other
Filed
Jun 5, 8:00 PM ET
Accepted
Jun 6, 4:26 PM ET
Size
9.5 KB
Accession
0001433642-19-000073
Insider Transaction Report
Form 4
Kelly Michael John
10% Owner
Transactions
- Sale
Class A Common Stock
2019-06-05$52.79/sh−3,792$200,180→ 0 total
Holdings
- 41,303(indirect: See footnote)
Class B Units
→ Class A Common Stock (41,303 underlying) - 108,086(indirect: See footnote)
Class C Units
→ Class A Common Stock (108,086 underlying) - 41,303
Class B Common Stock
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.74 to $52.83. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [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 "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.
- [F4]Held on behalf of the reporting person by HL Management Investors, LLC.
Documents
Issuer
Hamilton Lane INC
CIK 0001433642
Entity typeother
Related Parties
1- filerCIK 0001698486
Filing Metadata
- Form type
- 4
- Filed
- Jun 5, 8:00 PM ET
- Accepted
- Jun 6, 4:26 PM ET
- Size
- 9.5 KB