Donohue Michael T. 4
4 · Hamilton Lane INC · Filed Apr 17, 2023
Insider Transaction Report
Form 4
Donohue Michael T.
Managing Director & Controller
Transactions
- Disposition to Issuer
Class A Common Stock
2023-04-14−2,809→ 29,345 total - Award
Class A Common Stock
2023-03-31$62.88/sh+83$5,219→ 32,154 total
Holdings
- 26,819(indirect: See footnote)
Class B Units
→ Class A Common Stock (26,819 underlying) - 26,819
Class B Common Stock
- 3,204(indirect: See footnote)
Class C Units
→ Class A Common Stock (3,204 underlying)
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]Represents unvested shares under prior equity awards that were forfeited to the Issuer, pursuant to the Issuer's Amended & Restated 2017 Equity Incentive Plan, upon the reporting person's termination of employment.
- [F3]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.
- [F4]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.
- [F5]Held on behalf of the reporting person by HL Management Investors, LLC.