InfraREIT, Inc. 4
4 · InfraREIT, Inc. · Filed Feb 6, 2015
Insider Transaction Report
Form 4
InfraREIT, Inc.HIFR
Gates John A.
Director
Transactions
- Award
LTIP Units
2015-02-04+4,000→ 4,000 total→ common stock (4,000 underlying)
Footnotes (1)
- [F1]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.