Stilman Randy M. 4
4 · Hamilton Lane INC · Filed Mar 17, 2020
Insider Transaction Report
Form 4
Stilman Randy M.
CFO and Treasurer
Transactions
- Award
Class A Common Stock
2019-12-31$50.66/sh+105$5,319→ 34,305 total - Tax Payment
Class A Common Stock
2020-03-14$58.26/sh−4,594$267,646→ 29,711 total - Award
Class A Common Stock
2019-09-30$48.42/sh+110$5,326→ 34,200 total
Holdings
- 357,429
Class B Common Stock
- 357,429(indirect: See footnote)
Class B Units
→ Class A Common Stock (357,429 underlying)
Footnotes (5)
- [F1]These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).
- [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 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]Held on behalf of the reporting person by HL Management Investors, LLC.