4//SEC Filing
HLA INVESTMENTS LLC 4
Accession 0001433642-21-000125
CIK 0001433642other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 4:31 PM ET
Size
14.2 KB
Accession
0001433642-21-000125
Insider Transaction Report
Form 4
HLA INVESTMENTS LLC
10% Owner
Transactions
- Other
Class B Common Stock
2021-09-10$0.00/sh−488,400$488→ 7,300,667 total(indirect: See footnote) - Other
Class B Units
2021-09-10$84.15/sh−488,400$41,098,860→ 7,300,667 total(indirect: See footnote)→ Class A Common Stock (488,400 underlying) - Other
Class B Units
2021-09-10$84.15/sh−593,400$49,934,610→ 9,328,657 total→ Class A Common Stock (593,400 underlying) - Other
Class B Common Stock
2021-09-10$0.00/sh−593,400$593→ 9,328,657 total
HRHLA, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2021-09-10$0.00/sh−593,400$593→ 9,328,657 total - Other
Class B Units
2021-09-10$84.15/sh−488,400$41,098,860→ 7,300,667 total(indirect: See footnote)→ Class A Common Stock (488,400 underlying) - Other
Class B Units
2021-09-10$84.15/sh−593,400$49,934,610→ 9,328,657 total→ Class A Common Stock (593,400 underlying) - Other
Class B Common Stock
2021-09-10$0.00/sh−488,400$488→ 7,300,667 total(indirect: See footnote)
Footnotes (5)
- [F1]The following individuals, who are members of HLA Investments, LLC ("HLAI") and beneficially own Class A common stock of the Issuer through HLAI, exchanged Class B Units of Hamilton Lane Advisors, L.L.C. ("HLA") and corresponding shares of Class B common stock with the Issuer pursuant to an exchange agreement entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"): Hartley Rogers (through HRHLA, LLC ("HRHLA")), the 2008 Sexton Des. Trust FBO Laura Sexton, the 2008 Sexton Des. Trust FBO Matthew Sexton and Edward Whittemore. At the Issuer's election, the exchanges were settled in cash.
- [F2]The Class B common stock is owned directly by the HLAI member that beneficially owns the corresponding Class B Units.
- [F3]Hartley Rogers is the manager of HRHLA, which in turn is the managing member of HLAI. Mr. Rogers and a charitable entity that received a gift of Class B Units from Mr. Rogers each exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.
- [F4]This row reports securities beneficially owned indirectly by HRHLA through its ownership of HLAI.
- [F5]Pursuant to the Exchange Agreement, the Class B Units of 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 do not have an expiration date.
Documents
Issuer
Hamilton Lane INC
CIK 0001433642
Entity typeother
Related Parties
1- filerCIK 0001273303
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 4:31 PM ET
- Size
- 14.2 KB