Lucey Kevin J. 4
4 · Hamilton Lane INC · Filed Mar 16, 2018
Insider Transaction Report
Form 4
Lucey Kevin J.
Chief Operating Officer
Transactions
- Award
Class A Common Stock
2018-03-14+11,821→ 95,173 total - Tax Payment
Class A Common Stock
2018-03-14$38.07/sh−11,933$454,289→ 83,240 total
Holdings
- 426,671(indirect: See footnote)
Class C Units
→ Class A Common Stock (426,671 underlying) - 379,755(indirect: See footnote)
Class B Units
→ Class A Common Stock (379,755 underlying) - 379,755
Class B Common Stock
Footnotes (5)
- [F1]Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.
- [F2]Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
- [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.