Lucey Kevin J. 4
4 · Hamilton Lane INC · Filed Mar 16, 2021
Insider Transaction Report
Form 4
Lucey Kevin J.
Chief Operating Officer
Transactions
- Award
Class A Common Stock
2021-03-14+3,273→ 25,072 total - Tax Payment
Class A Common Stock
2021-03-14$87.10/sh−3,142$273,668→ 21,930 total
Holdings
- 190,869
Class B Common Stock
- 25,557(indirect: See footnote)
Class C Units
→ Class A Common Stock (25,557 underlying) - 58,010(indirect: See footnote)
Class A Common Stock
- 190,869(indirect: See footnote)
Class B Units
→ Class A Common Stock (190,869 underlying)
Footnotes (6)
- [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]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.
- [F4]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.
- [F5]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.
- [F6]Held on behalf of the reporting person by HL Management Investors, LLC.