Oakville Number 2 Trust 4
4 · Hamilton Lane INC · Filed Sep 9, 2020
Insider Transaction Report
Form 4
Oakville Number 2 Trust
10% Owner
Transactions
- Sale
Class A Common Stock
2020-09-04$70.18/sh−75,000$5,263,500→ 710,015 total
Holdings
- 7
Class B Common Stock
- 7(indirect: See footnote)
Class B Units
→ Class A Common Stock (7 underlying)
Footnotes (4)
- [F1]Sold by the reporting person in a registered underwritten offering pursuant to an underwriting agreement dated September 1, 2020.
- [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 of Hamilton Lane Advisors, L.L.C. 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 do not have an expiration date.
- [F4]The securities reported are owned indirectly by the Trust through HLA Investments, LLC.