4//SEC Filing
Whittemore Edward B. 4
Accession 0001433642-21-000127
CIK 0001433642other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 4:31 PM ET
Size
8.2 KB
Accession
0001433642-21-000127
Insider Transaction Report
Form 4
Whittemore Edward B.
10% Owner
Transactions
- Other
Class B Units
2021-09-10$84.15/sh−5,000$420,750→ 130,000 total(indirect: See footnote)→ Class A Common Stock (5,000 underlying) - Other
Class B Common Stock
2021-09-10$0.00/sh−5,000$5→ 130,000 total
Footnotes (4)
- [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]Pursuant to 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]Held on behalf of the reporting person by HLA Investments, LLC.
Documents
Issuer
Hamilton Lane INC
CIK 0001433642
Entity typeother
Related Parties
1- filerCIK 0001698930
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 4:31 PM ET
- Size
- 8.2 KB