Giannini Mario L 4
4 · Hamilton Lane INC · Filed Mar 9, 2023
Insider Transaction Report
Form 4
Giannini Mario L
Executive Co-Chairman10% Owner
Transactions
- Other
Class B Common Stock
2023-03-09$0.00/sh−500,000$500→ 449,595 total - Other
Class B Units
2023-03-09$76.41/sh−500,000$38,205,000→ 449,595 total→ Class A Common Stock (500,000 underlying)
Holdings
- 96,498
Class A Common Stock
- 2,862,736(indirect: See footnote)
Class B Common Stock
- 2,862,736(indirect: See footnote)
Class B Units
→ Class A Common Stock (2,862,736 underlying)
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]Represents: 2,579,104 securities owned directly by Hamilton Lane Advisors, Inc., an S-corporation that is wholly owned by Mr. Giannini; and 283,632 securities owned directly by HLA Investments, LLC.
- [F4]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.