Kevin J. Lucey - Jun 17, 2021 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role
Chief Operating Officer, 10%+ Owner
Signature
/s/ Lauren Platko, attorney-in-fact
Stock symbol
HLNE
Transactions as of
Jun 17, 2021
Transactions value $
-$537,966
Form type
4
Date filed
6/22/2021, 08:33 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLNE Class A Common Stock Tax liability -$538K -5.89K -26.86% $91.32 16K Jun 17, 2021 Direct F1
holding HLNE Class A Common Stock 58K Jun 17, 2021 See footnote F2
holding HLNE Class B Common Stock 191K Jun 17, 2021 Direct F3

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
holding HLNE Class B Units 191K Jun 17, 2021 Class A Common Stock 191K See footnote F4, F5
holding HLNE Class C Units 25.6K Jun 17, 2021 Class A Common Stock 25.6K See footnote F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
F2 These shares are owned directly by a trust for the benefit of Mr. Lucey's spouse and children, of which his spouse is a trustee.
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 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.

Remarks:

In addition to serving as an officer of the Issuer, the reporting person is a member of a group that beneficially owns more than 10% of the Issuer's Class A common stock.