4//SEC Filing
Binswanger David 4
Accession 0000899243-21-047910
CIK 0001828723other
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 5:30 PM ET
Size
10.6 KB
Accession
0000899243-21-047910
Insider Transaction Report
Form 4
Binswanger David
Director
Transactions
- Disposition to Issuer
Class B Common Stock
2021-12-09−6,037.5→ 14,087.5 total(indirect: See footnote)→ Class A Common Stock (145,966 underlying) - Other
Warrants (Right to Buy)
2021-12-09$11.00/sh+18,417$202,587→ 18,417 total(indirect: See footnote)Exp: 2026-12-09→ Class A Common Stock (18,417 underlying)
Footnotes (5)
- [F1]On December 9, 2021, CBRE Acquisition Holdings, Inc. completed a business combination with Altus Power, Inc. (the "Business Combination"), and CBRE Acquisition Holdings, Inc. changed its name to Altus Power, Inc. (the "Issuer"). Pursuant to the terms of the Class B common stock of the Issuer (the "Class B Common Stock"), of which an aggregate of 1,408,750 shares are currently outstanding, on the last day of each measurement period, which will occur annually over seven fiscal years following the completion of the Business Combination, an aggregate of 201,250 shares of Class B Common Stock will automatically convert, subject to adjustment, into shares of Class A common stock of the Issuer (the "Class A Common Stock"), pursuant to a formula based on the stock price of the Class A Common Stock, into an aggregate minimum of 2,013 shares of Class A Common Stock on each conversion date, up to an aggregate maximum of 14,596,637 shares of Class A Common Stock over such seven year period.
- [F2]Represents a disposition of Class B Common Stock pursuant to the terms of the Class B Letter Agreement, dated July 12, 2021, pursuant to which CBRE Acquisition Sponsor, LLC and certain other persons, including the Reporting Person, agreed to forfeit a specified number of shares of Class B Common Stock, effective upon the closing of the Business Combination.
- [F3]The number of shares of Class A Common Stock reported as underlying such shares of Class B Common Stock in the Table above represents the approximate maximum number of shares of Class A Common Stock that may be delivered with respect to shares of Class B Common Stock reported above by the Reporting Person based on proportionate ownership of shares of Class B Common Stock.
- [F4]Each Warrant is initially exercisable for one share of Class A Common Stock at an exercise price of $11.00 per share, subject to certain adjustments. The Warrants become exercisable on January 8, 2022, 30 days after the Issuer completed its Business Combination, and expire five years after completion of the Business Combination or earlier upon redemption or liquidation. The Warrants were acquired by the Reporting Person in connection with the initial public offering of CBRE Acquisition Holdings, Inc.
- [F5]Represents securities held by the R&DBIG Trust. The Reporting Person disclaims beneficial ownership of the securities held by the trust, except to the extent of his pecuniary interest therein.
Documents
Issuer
Altus Power, Inc.
CIK 0001828723
Entity typeother
Related Parties
1- filerCIK 0001832748
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 5:30 PM ET
- Size
- 10.6 KB