Filing Details
- Accession Number:
- 0001433642-21-000031
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-08 17:41:55
- Reporting Period:
- 2021-03-04
- Accepted Time:
- 2021-03-08 17:41:55
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1433642 | Hamilton Lane Inc | HLNE | Investment Advice (6282) | 262482738 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1577084 | R. Hartley Rogers | C/O Hamilton Lane Incorporated One Presidential Blvd., 4Th Floor Bala Cynwyd PA 19004 | Chairman | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common Stock | Disposition | 2021-02-27 | 50,000 | $0.00 | 7,967,067 | No | 5 | G | Indirect | See footnote |
| Class B Common Stock | Disposition | 2021-03-04 | 178,000 | $0.00 | 7,789,067 | No | 4 | J | Indirect | See footnote |
| Class A Common Stock | Disposition | 2021-03-04 | 19,245 | $87.36 | 34,081 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | G | Indirect | See footnote |
| No | 4 | J | Indirect | See footnote |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Units | Disposition | 2021-02-27 | 50,000 | $0.00 | 50,000 | $0.00 |
| Class A Common Stock | Class B Units | Disposition | 2021-03-04 | 178,000 | $87.36 | 178,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 7,967,067 | No | 5 | G | Indirect | ||
| 7,789,067 | No | 4 | J | Indirect |
Footnotes
- Mr. Rogers gifted Class B Units to a charitable entity on February 27, 2021, which subsequently exchanged such Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, the exchange was settled in cash.
- 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. These securities are owned directly by HLA Investments, LLC ("HLAI"). The reporting person is the manager of HRHLA, LLC ("HRHLA"), the managing member of HLAI.
- These securities are owned directly by HLAI. Mr. Rogers is the manager of HRHLA, the managing member of HLAI.
- The reporting person exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.
- Sold by the reporting person in a registered underwritten offering pursuant to an underwriting agreement dated March 1, 2021.
- Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. 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 do not have an expiration date.
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