Houlihan Lokey, Inc.
US ˙ NYSE ˙ US4415931009

Introduction

This page provides a comprehensive analysis of the known insider trading history of Scott Joseph Adelson. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Scott Joseph Adelson has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:HLI / Houlihan Lokey, Inc. CO-PRESIDENT, Director 890,690
Director 0
US:MPAA / Motorcar Parts of America, Inc. Director 4,975
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Scott Joseph Adelson. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases HLI / Houlihan Lokey, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in HLI / Houlihan Lokey, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

HLI / Houlihan Lokey, Inc. Insider Trades
Insider Sales HLI / Houlihan Lokey, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in HLI / Houlihan Lokey, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2021-06-01 HLI Adelson Scott Joseph 12,383 75.0000 12,383 75.0000 928,725 1 74.55 -5,572 -0.60
2021-05-21 HLI Adelson Scott Joseph 540 75.0000 540 75.0000 40,500
2020-03-31 HLI Adelson Scott Joseph 17,545 48.0400 17,545 48.0400 842,862
2020-03-30 HLI Adelson Scott Joseph 26,635 48.0100 26,635 48.0100 1,278,746
2020-03-27 HLI Adelson Scott Joseph 1,009 48.3100 1,009 48.3100 48,745
2020-03-26 HLI Adelson Scott Joseph 463 48.0300 463 48.0300 22,238
2020-03-25 HLI Adelson Scott Joseph 1,483 48.0700 1,483 48.0700 71,288
2020-03-24 HLI Adelson Scott Joseph 13,861 49.2600 13,861 49.2600 682,793
2020-03-23 HLI Adelson Scott Joseph 19,004 48.4200 19,004 48.4200 920,174
2019-11-05 HLI Adelson Scott Joseph 57,873 48.0900 57,873 48.0900 2,783,113
2018-03-15 HLI Adelson Scott Joseph 13,732 46.7500 13,732 46.7500 641,971
2017-11-03 HLI Adelson Scott Joseph 4,329 41.6250 4,329 41.6250 180,195
2017-10-30 HLI Adelson Scott Joseph 60,589 41.6250 60,589 41.6250 2,522,017
2017-03-15 HLI Adelson Scott Joseph 10,348 29.0500 10,348 29.0500 300,609
2017-02-14 HLI Adelson Scott Joseph 68,992 29.2500 68,992 29.2500 2,018,016
2015-08-18 HLI Adelson Scott Joseph 67,848 21.0000 67,848 21.0000 1,424,808

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

HLI / Houlihan Lokey, Inc. Insider Trades
Insider Purchases MPAA / Motorcar Parts of America, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in HLI / Houlihan Lokey, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

MPAA / Motorcar Parts of America, Inc. Insider Trades
Insider Sales MPAA / Motorcar Parts of America, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in HLI / Houlihan Lokey, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2019-03-04 MPAA Adelson Scott Joseph 623 21.2300 623 21.2300 13,226 183 13.8600 -4,591 -34.71

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

MPAA / Motorcar Parts of America, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Scott Joseph Adelson as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2022-05-31 2022-05-27 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -50,502 890,690 -5.37
2022-05-31 2022-05-27 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 50,502 50,502
2022-05-17 2022-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -13,104 840,188 -1.54 84.66 -1,109,385 71,130,316
2021-11-05 2021-11-05 4 QADA, QADB QAD INC
Class B Common Stock 		D - Sale to Issuer -6,267 0 -100.00
2021-11-05 2021-11-05 4 QADA, QADB QAD INC
Class A Common Stock 		D - Sale to Issuer -59,672 0 -100.00
2021-10-13 2021-10-11 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		A - Award 4,975 4,975
2021-10-13 2021-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -1,375 2,751 -33.33
2021-10-13 2021-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -975 0 -100.00
2021-10-13 2021-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -1,402 1,401 -50.02
2021-10-13 2021-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 1,402 57,278 2.51
2021-10-13 2021-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 1,375 55,876 2.52
2021-10-13 2021-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 975 54,501 1.82
2021-06-23 2021-06-21 4 QADA_QADB QAD INC
Class A Common Stock 		A - Award 3,414 59,672 6.07
2021-06-02 2021-06-01 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -12,383 0 -100.00
2021-06-02 2021-06-01 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -12,383 0 -100.00 75.00 -928,725
2021-06-02 2021-06-01 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 12,383 12,383
2021-05-28 2021-05-26 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -38,777 865,675 -4.29
2021-05-28 2021-05-26 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 38,777 38,777
2021-05-25 2021-05-21 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -540 0 -100.00
2021-05-25 2021-05-21 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -540 0 -100.00 75.00 -40,500
2021-05-25 2021-05-21 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 540 540
2021-05-18 2021-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -12,713 827,438 -1.51 74.00 -940,762 61,230,412
2021-03-29 2021-03-25 4 MPAA MOTORCAR PARTS AMERICA INC
Stock Option 		M - Exercise -3,000 6,000 -33.33
2021-03-29 2021-03-25 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 3,000 53,526 5.94 13.53 40,590 724,207
2020-10-13 2020-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		A - Award 4,126 4,126
2020-10-13 2020-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -975 975 -50.00
2020-10-13 2020-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -1,401 2,803 -33.33
2020-10-13 2020-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -569 0 -100.00
2020-10-13 2020-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 1,401 50,526 2.85
2020-10-13 2020-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 569 49,125 1.17
2020-10-13 2020-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 975 48,556 2.05
2020-06-15 2020-06-11 4 QADA_QADB QAD INC
Class A Common Stock 		A - Award 4,000 56,258 7.65
2020-05-29 2020-05-28 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -18,412 840,151 -2.14
2020-05-29 2020-05-28 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 18,412 18,412
2020-05-04 2020-04-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -16,212 821,739 -1.93 59.38 -962,669 48,794,862
2020-04-14 2020-04-10 4 MPAA MOTORCAR PARTS AMERICA INC
Stock Options 		M - Exercise -3,000 0 -100.00
2020-04-14 2020-04-10 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 3,000 47,581 6.73 6.62 19,860 314,986
2020-03-31 2020-03-31 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -17,545 0 -100.00
2020-03-31 2020-03-31 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -17,545 0 -100.00 48.04 -842,862
2020-03-31 2020-03-31 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 17,545 17,545
2020-03-30 2020-03-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -26,635 0 -100.00
2020-03-30 2020-03-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -26,635 0 -100.00 48.01 -1,278,746
2020-03-30 2020-03-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 26,635 26,635
2020-03-30 2020-03-27 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -1,009 0 -100.00
2020-03-30 2020-03-27 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -1,009 0 -100.00 48.31 -48,745
2020-03-30 2020-03-27 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,009 1,009
2020-03-27 2020-03-26 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -463 0 -100.00
2020-03-27 2020-03-26 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -463 0 -100.00 48.03 -22,238
2020-03-27 2020-03-26 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 463 463
2020-03-27 2020-03-25 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -1,483 0 -100.00
2020-03-27 2020-03-25 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -1,483 0 -100.00 48.07 -71,288
2020-03-27 2020-03-25 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,483 1,483
2020-03-24 2020-03-24 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -13,861 0 -100.00
2020-03-24 2020-03-24 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -13,861 0 -100.00 49.26 -682,793
2020-03-24 2020-03-24 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 13,861 13,861
2020-03-24 2020-03-23 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -19,004 0 -100.00
2020-03-24 2020-03-23 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -19,004 0 -100.00 48.42 -920,174
2020-03-24 2020-03-23 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 19,004 19,004
2019-11-07 2019-11-05 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -57,873 0 -100.00
2019-11-07 2019-11-05 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -57,873 0 -100.00 48.09 -2,783,113
2019-11-07 2019-11-05 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 57,873 57,873
2019-10-10 2019-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		A - Award 4,204 4,204
2019-10-10 2019-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -975 1,950 -33.33
2019-10-10 2019-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -568 569 -49.96
2019-10-10 2019-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -600 0 -100.00
2019-10-10 2019-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 975 44,581 2.24
2019-10-10 2019-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 568 43,606 1.32
2019-10-10 2019-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 600 43,038 1.41
2019-06-24 2019-06-24 4 QADA_QADB QAD INC
Class A Common Stock (par value $0.001) 		A - Award 4,000 52,258 8.29
2019-05-17 2019-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -40,327 975,824 -3.97
2019-05-17 2019-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -9,508 40,327 -19.08 47.22 -448,968 1,904,241
2019-05-17 2019-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 1,323 49,835 2.73
2019-05-17 2019-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 48,512 48,512
2019-05-02 2019-04-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -17,512 935,497 -1.84 49.32 -863,692 46,138,712
2019-03-05 2019-03-04 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		S - Sale -623 42,438 -1.45 21.23 -13,226 900,959
2019-03-05 2019-03-01 4 MPAA MOTORCAR PARTS AMERICA INC
Stock Option 		M - Exercise -3,000 0 -100.00
2019-03-05 2019-03-01 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 3,000 43,061 7.49 4.17 12,510 179,564
2018-12-12 2018-12-11 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -8,000 0 -100.00
2018-12-12 2018-12-11 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -8,000 0 -100.00
2018-12-12 2018-12-11 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 8,000 8,000
2018-10-11 2018-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		A - Award 2,925 2,925
2018-10-11 2018-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -569 1,137 -33.35
2018-10-11 2018-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -506 0 -100.00
2018-10-11 2018-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -599 600 -49.96
2018-10-11 2018-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 569 40,061 1.44
2018-10-11 2018-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 506 39,492 1.30
2018-10-11 2018-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 599 38,986 1.56
2018-06-12 2018-06-11 4 QADA, QADB QAD INC
Class A Common Stock ($0.001 par value) 		A - Award 4,000 48,258 9.04
2018-05-21 2018-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -28,583 961,009 -2.89
2018-05-21 2018-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -627 28,583 -2.15
2018-05-21 2018-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 1,264 29,210 4.52
2018-05-21 2018-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 27,946 27,946
2018-03-23 2018-03-22 4 MPAA MOTORCAR PARTS AMERICA INC
Stock Option 		M - Exercise -25,000 0 -100.00 6.11 -152,750
2018-03-23 2018-03-22 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 25,000 38,387 186.75 6.11 152,750 234,545
2018-03-19 2018-03-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -13,732 0 -100.00
2018-03-19 2018-03-15 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -13,732 0 -100.00 46.75 -641,971
2018-03-19 2018-03-15 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 13,732 13,732
2017-11-16 2017-11-14 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion 7,500 0 -100.00
2017-11-16 2017-11-14 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -7,500 0 -100.00
2017-11-16 2017-11-14 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 7,500 7,500
2017-11-07 2017-11-03 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -4,329 0 -100.00
2017-11-07 2017-11-03 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -4,329 0 -100.00 41.62 -180,195
2017-11-07 2017-11-03 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 4,329 4,329
2017-11-01 2017-10-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -90,683 0 -100.00
2017-11-01 2017-10-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -60,589 0 -100.00 41.62 -2,522,017
2017-11-01 2017-10-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		F - Taxes -30,094 60,589 -33.19 41.28 -1,242,280 2,501,114
2017-11-01 2017-10-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 90,683 90,683
2017-10-11 2017-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		A - Award 1,706 1,706
2017-10-11 2017-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -505 506 -49.95
2017-10-11 2017-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -600 1,199 -33.35
2017-10-11 2017-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 505 13,387 3.92
2017-10-11 2017-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 600 12,882 4.89
2017-06-15 2017-06-13 4 QADA, QADB QAD INC
Class A Common Stock ($0.001 par value) 		A - Award 4,000 44,258 9.94
2017-05-17 2017-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 35,620 1,048,670 3.52
2017-05-17 2017-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 35,620 1,048,670 3.52
2017-05-09 2017-05-05 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -592 0 -100.00
2017-05-09 2017-05-05 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 592 12,282 5.06
2017-03-17 2017-03-15 4 HLI HOULIHAN LOKEY, INC.
Class B Common Stock 		C - Conversion -10,348 0 -100.00
2017-03-17 2017-03-15 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		S - Sale -10,348 0 -100.00 29.05 -300,609
2017-03-17 2017-03-15 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		C - Conversion 10,348 10,348
2017-02-16 2017-02-14 4 HLI HOULIHAN LOKEY, INC.
Class B Common Stock 		C - Conversion -90,337 0 -100.00
2017-02-16 2017-02-14 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		S - Sale -68,992 0 -100.00 29.25 -2,018,016
2017-02-16 2017-02-14 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		F - Taxes -21,345 68,992 -23.63 32.30 -689,444 2,228,442
2017-02-16 2017-02-14 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		C - Conversion 90,337 90,337
2016-11-21 2016-11-17 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion 12,500 0 -100.00
2016-11-21 2016-11-17 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -12,500 0 -100.00
2016-11-21 2016-11-17 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 12,500 12,500
2016-10-31 2016-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		A - Award 1,799 1,799
2016-10-31 2016-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -506 1,011 -33.36
2016-10-31 2016-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 506 11,690 4.52
2016-06-16 2016-06-14 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		A - Award 4,000 40,258 11.03
2016-05-06 2016-05-05 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -592 592 -50.00
2016-05-06 2016-05-05 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 592 11,184 5.59
2016-05-03 2016-04-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -35,780 1,126,235 -3.08
2016-05-03 2016-04-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 35,780 35,780
2015-10-14 2015-10-09 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		A - Award 1,517 1,517
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -1,090,455 1,090,455 -50.00
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -67,848 1,090,455 -5.86
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 1,158,303 1,158,303
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -67,848 0 -100.00 21.00 -1,424,808
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 67,848 67,848
2015-06-10 2015-06-09 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		A - Award 4,000 36,258 12.40
2015-05-07 2015-05-05 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		M - Exercise -592 1,184 -33.33
2015-05-07 2015-05-05 4 MPAA MOTORCAR PARTS AMERICA INC
Common Stock 		M - Exercise 592 10,592 5.92
2014-06-13 2014-06-11 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		A - Award 4,000 32,258 14.16
2014-05-07 2014-05-05 4 MPAA MOTORCAR PARTS AMERICA INC
Restricted Stock Units 		A - Award 1,776 1,776
2014-04-14 2014-04-10 4 QADA, QADB QAD INC
Non-Qualified Stock Option (Right to Buy) 		M - Exercise -3,000 0 -100.00
2014-04-14 2014-04-10 4 QADA, QADB QAD INC
Non-Qualified Stock Option (Right to Buy) 		M - Exercise -2,399 0 -100.00
2014-04-14 2014-04-10 4 QADA, QADB QAD INC
Class B Common Stock ($0.001 par value) 		M - Exercise 3,000 6,267 91.83 15.20 45,600 95,258
2014-04-14 2014-04-10 4 QADA, QADB QAD INC
Class A Common Stock ($0.001 par value) 		S - Sale -1,886 28,258 -6.26 19.63 -37,022 554,705
2014-04-14 2014-04-10 4 QADA, QADB QAD INC
Class A Common Stock ($0.001 par value) 		M - Exercise 2,399 30,144 8.65 15.20 36,465 458,189
2014-04-11 2014-04-09 4 QADA QAD INC
Non-Qualified Stock Option (Right to Buy) 		M - Exercise -6,038 2,399 -71.57
2014-04-11 2014-04-09 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		S - Sale -4,629 27,745 -14.30 19.20 -88,877 532,704
2014-04-11 2014-04-09 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		M - Exercise 6,038 32,374 22.93 15.20 91,778 492,085
2014-04-08 2014-04-04 4 QADA QAD INC
Non-Qualified Stock Option (Right to Buy) 		M - Exercise 3,000 8,437 55.18
2014-04-08 2014-04-04 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		S - Sale -2,648 26,336 -9.14 19.77 -52,351 520,663
2014-04-08 2014-04-04 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		M - Exercise 3,000 28,984 11.55 15.20 45,600 440,557
2014-04-01 2014-03-28 4 QADA QAD INC
Non-Qualified Stock Option (Right to Buy) 		M - Exercise 563 11,437 5.18
2014-04-01 2014-03-28 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		S - Sale -423 25,984 -1.60 21.51 -9,099 558,916
2014-04-01 2014-03-28 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		M - Exercise 563 26,407 2.18 15.20 8,558 401,386
2013-06-13 2013-06-11 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		A - Award 4,000 25,844 18.31
2013-06-13 2013-06-11 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		A - Award 4,000 25,844 18.31
2013-04-15 2013-04-11 4 MPAA MOTORCAR PARTS AMERICA INC
Stock Option 		A - Award 3,000 3,000
2013-01-22 2013-01-18 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 131 21,844 0.60 13.35 1,749 291,617
2012-12-21 2012-12-20 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 127 21,713 0.59 13.68 1,737 297,034
2012-09-21 2012-09-20 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 128 21,586 0.60 13.48 1,725 290,979
2012-06-29 2012-06-28 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 83 21,458 0.39 13.94 1,157 299,125
2012-06-14 2012-06-12 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		A - Award 4,000 21,375 23.02
2012-04-12 2012-04-11 4 MPAA MOTORCAR PARTS AMERICA INC
Stock Option 		A - Award 3,000 3,000
2012-04-09 2012-04-05 4 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 89 17,375 0.51
2012-03-16 2012-11-29 5 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 67 17,286 0.39
2012-03-16 2011-08-30 5 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 57 17,286 0.33
2012-03-16 2011-06-01 5 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 35 17,286 0.20
2012-03-16 2011-03-15 5 QADA QAD INC
Class A Common Stock ($0.001 par value) 		J - Other 25 17,286 0.14
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)