Donohue Michael T. 4
4 · Hamilton Lane INC · Filed Sep 14, 2021
Insider Transaction Report
Form 4
Donohue Michael T.
Managing Director & Controller
Transactions
- Award
Class A Common Stock
2021-06-30$77.45/sh+68$5,267→ 30,255 total - Other
Class C Units
2021-09-10$84.15/sh−5,000$420,750→ 3,204 total(indirect: See footnote)→ Class A Common Stock (5,000 underlying) - Award
Class A Common Stock
2021-03-31$75.28/sh+70$5,270→ 30,187 total
Holdings
- 26,819(indirect: See footnote)
Class B Units
→ Class A Common Stock (26,819 underlying) - 26,819
Class B Common Stock
Footnotes (5)
- [F1]These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).
- [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 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.
- [F4]The reporting person exchanged Class C Units with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.
- [F5]Held on behalf of the reporting person by HL Management Investors, LLC.