4//SEC Filing
Giannini Mario L 4
Accession 0001433642-24-000038
CIK 0001433642other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 8:55 PM ET
Size
13.1 KB
Accession
0001433642-24-000038
Insider Transaction Report
Form 4
Giannini Mario L
DirectorExecutive Co-Chairman10% Owner
Transactions
- Other
Class B Common Stock
2024-03-07$0.00/sh−449,595$450→ 0 total - Other
Class B Common Stock
2024-03-07$0.00/sh−550,405$550→ 2,312,331 total(indirect: See footnote) - Other
Class B Units
2024-03-07$108.00/sh−449,595$48,556,260→ 0 total→ Class A Common Stock (449,595 underlying) - Other
Class B Units
2024-03-07$108.00/sh−550,405$59,443,740→ 2,312,331 total(indirect: See footnote)→ Class A Common Stock (550,405 underlying)
Holdings
- 96,498
Class A Common Stock
Footnotes (5)
- [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]Mr. Giannini, through Hamilton Lane Advisors Inc., an S-corporation that is wholly owned by Mr. Giannini ("HLA Inc."), 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.
- [F4]Represents: 2,028,699 securities owned directly by HLA Inc.; and 283,632 securities owned directly by HLA Investments, LLC.
- [F5]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.
Documents
Issuer
Hamilton Lane INC
CIK 0001433642
Entity typeother
Related Parties
1- filerCIK 0001698053
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 8:55 PM ET
- Size
- 13.1 KB