X0306 4 2017-02-14 0 0001302215 HOULIHAN LOKEY, INC. HLI 0001650299 ORIX HLHZ Holding LLC 1717 MAIN STREET, SUITE 1100 DALLAS TX 75201 0 0 1 0 0001070304 ORIX CORP WORLD TRADE CENTER BLDG. 2-4-1 HAMAMATSU-CHO, MINATO-KU TOKYO M0 105 6135 JAPAN 0 0 1 0 Class B Common Stock 2017-02-14 4 S 0 6000000 28.08 D Class A Common Stock 6000000 15610331 D Convertible into Class A Common Stock on one-for-one basis, upon transfer or final conversion dates. Sale to Issuer pursuant to an agreement effective as of February 14, 2017, with settlement to occur on April 5, 2017. Prior to settlement, the Reporting Person will retain all voting rights in respect of such shares. Owned directly by ORIX HLHZ Holding LLC. Also owned indirectly, through subsidiaries, by ORIX Corporation. ORIX Corporation, By: /s/ Hideto Nishitani, Executive Officer 2017-02-15 ORIX HLHZ Holding LLC, By: ORIX OpCo Holdings, LLC, its managing member, By: ORIX Capital Markets, LLC, its managing member, by: /s/ Paul Wilson, Chief Financial Officer 2017-02-15