SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
 Â	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Sexton Barbara (Last) (First) (Middle) C/O HAMILTON LANE INCORPORATED ONE PRESIDENTIAL BLVD., 4TH FLOOR (Street) BALA CYNWYD PA 19004 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Hamilton Lane INC [ HLNE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 09/04/2020
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	09/04/2020		J(1)		50,000	D	$0.001	466,233(2)(3)	D
Class B Common Stock	09/04/2020		J(1)		50,000	D	$0.001	466,233(2)(4)	D
Class A Common Stock								11,189(5)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Units	(6)	09/04/2020		J(1)			50,000	(6)	(6)	Class A Common Stock	50,000	$70.18	466,233	I	By the 2008 Sexton Des. Trust FBO Laura Sexton(7)
Class B Units	(6)	09/04/2020		J(1)			50,000	(6)	(6)	Class A Common Stock	50,000	$70.18	466,233	I	By the 2008 Sexton Des. Trust FBO Matthew Sexton(8)

1. Name and Address of Reporting Person* Sexton Barbara (Last) (First) (Middle) C/O HAMILTON LANE INCORPORATED ONE PRESIDENTIAL BLVD., 4TH FLOOR (Street) BALA CYNWYD PA 19004 (City) (State) (Zip)

1. Name and Address of Reporting Person* SEXTON O GRIFFITH (Last) (First) (Middle) C/O HAMILTON LANE INCORPORATED ONE PRESIDENTIAL BLVD., 4TH FLOOR (Street) BALA CYNWYD PA 19004 (City) (State) (Zip)

1. Name and Address of Reporting Person* 2008 Sexton Des. Trust FBO Matthew Sexton (Last) (First) (Middle) C/O HAMILTON LANE INCORPORATED ONE PRESIDENTIAL BLVD., 4TH FLOOR (Street) BALA CYNWYD PA 19004 (City) (State) (Zip)

1. Name and Address of Reporting Person* 2008 Sexton Des. Trust FBO Laura Sexton (Last) (First) (Middle) C/O HAMILTON LANE INCORPORATED ONE PRESIDENTIAL BLVD., 4TH FLOOR (Street) BALA CYNWYD PA 19004 (City) (State) (Zip)

Explanation of Responses:

1. The 2008 Sexton Des. Trust FBO Laura Sexton (the "Laura Sexton Trust") and The 2008 Sexton Des. Trust FBO Matthew Sexton (the "Matthew Sexton Trust") each exchanged 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, each 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.

3. The securities reported in this row are owned by the Laura Sexton Trust. Mr. Sexton and Mrs. Barbara Sexton serve as trustees of this trust.

4. The securities reported in this row are owned by the Matthew Sexton Trust. Mr. Sexton and Mrs. Barbara Sexton serve as trustees of this trust.

5. The securities reported in this row are owned directly by Mr. Sexton.

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.

7. The securities reported in this row are owned indirectly by the Laura Sexton Trust through HLA Investments, LLC. Mr. Sexton and Mrs. Barbara Sexton serve as trustees of this trust.

8. The securities reported in this row are owned indirectly by the Matthew Sexton Trust through HLA Investments, LLC. Mr. Sexton and Mrs. Barbara Sexton serve as trustees of this trust.

Remarks:

This Form is filed by (i) Mr. O. Griffith Sexton, (ii) Mrs. Barbara Sexton, (iii) the Laura Sexton Trust, and (iv) the Matthew Sexton Trust ((iii) and (iv) together, the "Trusts"). Mr. and Mrs. Sexton serve as trustees of each Trust. The Trusts are members of a group that beneficially owns more than 10% of the Issuer's Class A common stock. Mr. Sexton is also a director of the Issuer.

	/s/ Lydia Gavalis, attorney-in-fact	09/09/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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