Christopher M. Crain - 26 May 2021 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Role
GENERAL COUNSEL
Signature
/s/ J. Lindsey Alley, Attorney-in-Fact for Christopher M. Crain
Issuer symbol
HLI
Transactions as of
26 May 2021
Net transactions value
$0
Form type
4
Filing time
28 May 2021, 16:47:57 UTC
Previous filing
21 May 2021
Next filing
17 May 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HLI CLASS B COMMON STOCK Award $0 +2,858 $0.000000 2,858 26 May 2021 CLASS A COMMON STOCK 2,858 Direct F1, F2
transaction HLI CLASS B COMMON STOCK Deposit into or withdrawal from voting trust $0 -2,858 -5.1% $0.000000 53,477 26 May 2021 CLASS A COMMON STOCK 2,858 BY HL VOTING TRUST F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Class B common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder, upon any transfer and automatically upon the Final Conversion Date (as defined in the Issuer's Registration Statement on Form S-1, as amended (No. 333-205610)) concerning the Issuer's initial public offering. The Class B Common Stock has no expiration date.
F2 On May 26, 2021, the Issuer granted 2,858 shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan, of which 1,024 shares were fully vested upon grant and 1,834 shares vest in four equal annual installments following the grant date.
F3 Represents shares of Class B Common Stock deposited into the HL Voting Trust (the "Voting Trust"). The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust.