Lucey Kevin J. 4
4 · Hamilton Lane INC · Filed Mar 8, 2021
Insider Transaction Report
Form 4
Lucey Kevin J.
Chief Operating Officer
Transactions
- Gift
Class A Common Stock
2020-12-10+58,010→ 58,010 total(indirect: See footnote) - Other
Class B Units
2021-03-04$87.36/sh−70,000$6,115,200→ 190,869 total(indirect: See footnote)→ Class A Common Stock (70,000 underlying) - Other
Class B Common Stock
2021-03-04$0.00/sh−70,000$70→ 190,869 total - Gift
Class A Common Stock
2020-12-10−58,010→ 21,799 total
Holdings
- 25,557(indirect: See footnote)
Class C Units
→ Class A Common Stock (25,557 underlying)
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]These shares are owned directly by a trust for the benefit of Mr. Lucey's spouse and children, of which his spouse is a trustee. Mr. Lucey transferred 58,010 shares of Class A common stock to the trust on December 10, 2020.
- [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.