Giannini Mario L 4
4 · Hamilton Lane INC · Filed Mar 17, 2020
Insider Transaction Report
Form 4
Giannini Mario L
Executive Co-Chairman10% Owner
Transactions
- Tax Payment
Class A Common Stock
2020-03-14$58.26/sh−8,845$515,310→ 99,743 total
Holdings
- 2,862,736(indirect: See footnote)
Class B Common Stock
- 2,862,736(indirect: See footnote)
Class B Units
→ Class A Common Stock (2,862,736 underlying) - 1,949,595
Class B Common Stock
- 1,949,595
Class B Units
→ Class A Common Stock (1,949,595 underlying)
Footnotes (4)
- [F1]Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
- [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]Represents: 2,579,104 securities owned directly by Hamilton Lane Advisors, Inc. and 283,632 securities owned directly by HLA Investments, LLC.
- [F4]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.