Lucey Kevin J. 4
4 · Hamilton Lane INC · Filed Mar 17, 2020
Insider Transaction Report
Form 4
Lucey Kevin J.
Chief Operating Officer
Transactions
- Award
Class A Common Stock
2020-03-14+4,892→ 86,542 total - Tax Payment
Class A Common Stock
2020-03-14$58.26/sh−6,733$392,265→ 79,809 total
Holdings
- 360,869
Class B Common Stock
- 360,869(indirect: See footnote)
Class B Units
→ Class A Common Stock (360,869 underlying) - 25,557(indirect: See footnote)
Class C Units
→ Class A Common Stock (25,557 underlying)
Footnotes (5)
- [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 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.