4//SEC Filing
InfraREIT, Inc. 4
Accession 0001209191-15-010561
CIK 0001506401operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 8:35 PM ET
Size
9.8 KB
Accession
0001209191-15-010561
Insider Transaction Report
Form 4
InfraREIT, Inc.HIFR
Baker W Kirk
DirectorOther
Transactions
- Award
Class A common stock, $0.01 par value per share
2015-02-04+37,149→ 37,149 total→ common stock (37,149 underlying) - Award
LTIP Units
2015-02-04+4,000→ 4,000 total→ common stock (4,000 underlying)
Footnotes (2)
- [F1]As of the effective time of the transactions contemplated by the Merger and Transaction Agreement (the "Merger Agreement"), by and among InfraREIT, Inc., InfraREIT Partners, LP and InfraREIT, L.L.C., pursuant to the terms of the Merger Agreement, each common share of InfraREIT, L.L.C. held by the reporting person was converted into the right to receive one share of Class A common stock of InfraREIT, Inc. ("Class A Common Stock"). Pursuant to the amended and restated charter of InfraREIT, Inc., on or around the 32nd day following the completion of InfraREIT Inc.'s initial public offering, a number of the shares of Class A Common Stock held by the reporting person may be cancelled if it is determined that Hunt-InfraREIT, L.L.C. is owed additional carry pursuant to the terms of the partnership agreement of InfraREIT Partners, LP. Following any such cancellation, each remaining share of Class A Common Stock will convert into one share of common stock of InfraREIT, Inc.
- [F2]In connection with the closing of the initial public offering of InfraREIT, Inc., the reporting person was granted 4,000 LTIP Units of InfraREIT Partners, LP. The LTIP Units have a one year vesting period. The reporting person may elect to convert any vested LTIP Units on a one-for-one basis to common units of InfraREIT Partners, LP in accordance with their terms on and after the time that allocations of income and gains have been made in respect of such LTIP Units so as to cause the capital account balance per such LTIP Unit to equal the capital account balance per common unit. Common units are redeemable for cash or, at InfraREIT, Inc.'s election, shares of InfraREIT, Inc.'s common stock on a one-for-one basis, beginning the day before the first year anniversary of the closing of InfraREIT, Inc.'s initial public offering. The rights to convert vested LTIP Units into common units and redeem common units do not have expiration dates.
Documents
Issuer
InfraREIT, Inc.
CIK 0001506401
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001506401
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 8:35 PM ET
- Size
- 9.8 KB