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Filing Details

Accession Number:: 0001179110-15-012417
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-08-20 17:15:47
Reporting Period:: 2015-08-18

Filing Date:: 2015-08-20
Accepted Time:: 2015-08-20 17:15:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1302215	Houlihan Lokey Inc.	HLI	Investment Advice (6282)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1649212	L Scott Beiser	C/O Houlihan Lokey, Inc. 10250 Constellation Blvd., 5Th Floor Los Angeles CA 90067	Chief Executive Officer	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2015-08-18	93,710	$0.00	93,710	No	4	C	Direct
Class A Common Stock	Disposition	2015-08-18	93,710	$21.00	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	CLASS B COMMON STOCK	Acquisiton	2015-08-18	1,265,522	$0.00	1,265,522	$0.00
Class A Common Stock	CLASS B COMMON STOCK	Disposition	2015-08-18	93,710	$0.00	93,710	$0.00
Class A Common Stock	CLASS B COMMON STOCK	Disposition	2015-08-18	1,171,812	$0.00	1,171,812	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,265,522	No	4	A	Direct
1,171,812	No	4	C	Direct
1,171,812	No	4	Z	Indirect

Footnotes

Represents shares of Class B Common Stock of the Issuer acquired by the reporting person in the merger of the Issuer into HL Transitory Merger Company, Inc. ("NewCo"), as successor to Fram Holdings Inc., with the Issuer as the surviving entity (the "Merger"), in exchange for securities of NewCo held by the reporting person (based on an exchange ratio of one Class B common share for each one cancelled NewCo share, with no additional consideration).
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 Dates (as defined in the Issuer's Registration Statement on Form S-1, as amended (No. 333- 333-205610) concerning the Issuer's initial public offering (the "Offering"). The Class B Common Stock has no expiration date.
Includes 5,584 shares of Class B Common Stock that are currently unvested and shall vest as to approximately 66% of the shares on April 30, 2016 and 34% of the shares on April 30, 2017. In addition, includes 4,166 shares that vest in substantially equal one-third installments on each of April 30, 2016, 2017 and 2018. In addition, includes 40,826 shares of Class B Common Stock that are currently unvested and vest as to one-ninth of the shares on April 30, 2016, and as to two-ninths of the shares on each of April 30, 2017, 2018, 2019 and 2020.
Represents the conversion of Class B Common Stock and subsequent sale of Class A Common Stock to the underwriters in the Offering; the shares of Class B Common Stock automatically converted into Class A Common Stock upon such sale on a one-for-one basis.
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.
The reporting person is a trustee of the Voting Trust. The trustees of the Voting Trust have shared voting control over the shares deposited into the Voting Trust. The reporting person has a pecuniary interest in and investment control over the shares reported herein.