Donohue Michael T. - 14 Mar 2022 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role
Managing Director & Controller, 10%+ Owner
Signature
/s/ Lauren Platko, attorney-in-fact
Issuer symbol
HLNE
Transactions as of
14 Mar 2022
Net transactions value
-$22,783
Form type
4
Filing time
16 Mar 2022, 16:19:55 UTC
Previous filing
14 Sep 2021
Next filing
16 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLNE Class A Common Stock Award $5,263 +73 +0.24% $72.10 30,328 30 Sep 2021 Direct F1
transaction HLNE Class A Common Stock Award $5,373 +61 +0.2% $88.08 30,389 31 Dec 2021 Direct F1
transaction HLNE Class A Common Stock Tax liability $33,419 -441 -1.5% $75.78 29,948 14 Mar 2022 Direct F2
transaction HLNE Class A Common Stock Award $0 +1,238 +4.1% $0.000000 31,186 14 Mar 2022 Direct F3
holding HLNE Class B Common Stock 26,819 14 Mar 2022 Direct F4

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 26,819 14 Mar 2022 Class A Common Stock 26,819 See footnote F5, F6
holding HLNE Class C Units 3,204 14 Mar 2022 Class A Common Stock 3,204 See footnote F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
F3 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.
F4 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.
F5 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.
F6 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.