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
  1. 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.
  2. 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.
  3. These securities are owned directly by HLAI. Mr. Rogers is the manager of HRHLA, the managing member of HLAI.
  4. 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.
  5. Sold by the reporting person in a registered underwritten offering pursuant to an underwriting agreement dated March 1, 2021.
  6. 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.