4//SEC Filing
Lucey Kevin J. 4
Accession 0001433642-19-000120
CIK 0001433642other
Filed
Sep 15, 8:00 PM ET
Accepted
Sep 16, 5:46 PM ET
Size
11.3 KB
Accession
0001433642-19-000120
Insider Transaction Report
Form 4
Lucey Kevin J.
Chief Operating Officer
Transactions
- Other
Class B Common Stock
2019-09-12$0.00/sh−18,886$19→ 360,869 total - Other
Class B Units
2019-09-12$60.01/sh−18,886$1,133,349→ 360,869 total(indirect: See footnote)→ Class A Common Stock (18,886 underlying) - Other
Class C Units
2019-09-12$60.01/sh−151,114$9,068,351→ 25,557 total(indirect: See footnote)→ Class A Common Stock (151,114 underlying)
Holdings
- 81,650
Class A Common Stock
Footnotes (5)
- [F1]The reporting person exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, the exchange was settled in cash.
- [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 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.
- [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.
Documents
Issuer
Hamilton Lane INC
CIK 0001433642
Entity typeother
Related Parties
1- filerCIK 0001698398
Filing Metadata
- Form type
- 4
- Filed
- Sep 15, 8:00 PM ET
- Accepted
- Sep 16, 5:46 PM ET
- Size
- 11.3 KB