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Filing Details

Accession Number:: 0001433642-19-000147
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-26 16:10:25
Reporting Period:: 2019-11-22

Accepted Time:: 2019-11-26 16:10:25
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
1698396	Tara Devlin	C/O Hamilton Lane Incorporated One Presidential Blvd., 4Th Floor Bala Cynwyd PA 19004		No	No	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
Class A Common Stock	Disposition	2019-11-22	10,000	$55.57	32,620	No	4	S	Direct
Class A Common Stock	Acquisiton	2019-03-29	143	$37.04	32,763	No	5	A	Direct
Class A Common Stock	Acquisiton	2019-06-28	108	$48.50	32,871	No	5	A	Direct
Class A Common Stock	Acquisiton	2019-09-30	110	$48.42	32,981	No	5	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	5	A	Direct
No	5	A	Direct
No	5	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	250	Indirect	See footnote
Class B Common Stock	173,441	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Units	$0.00			173,441	173,441	Indirect
Class A Common Stock	Class C Units	$0.00			214,767	214,767	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	173,441	173,441	Indirect
	214,767	214,767	Indirect

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.12 to $55.96. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the ranges set forth in this footnote.
Total number of shares includes shares of Class A common stock held through a family trust of which the reporting person is the settlor, trustee, and a beneficiary.
These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d).
Consists of shares of Class A common stock held by the reporting person's son, who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held by her son, and this report should not be deemed an admission that she is the beneficial owner of these shares for purposes of Section 16 or any other purpose.
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. Total number of shares of Class B common stock are held through a family trust of which the reporting person is the settlor, trustee, and a beneficiary.
Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering, 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.
Held on behalf of the reporting person by HL Management Investors, LLC through a family trust of which the reporting person is the settlor, trustee and a beneficiary.