4//SEC Filing
InfraREIT, Inc. 4
Accession 0001209191-16-090057
CIK 0001506401operating
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 6:08 PM ET
Size
10.7 KB
Accession
0001209191-16-090057
Insider Transaction Report
Form 4
InfraREIT, Inc.HIFR
Gates John A.
Director
Transactions
- Award
LTIP Units
2016-01-04+4,246→ 4,246 total→ common stock (4,246 underlying) - Award
common stock, $0.01 par value per share
2016-01-04$18.84/sh+1,114$20,984→ 8,614 total
Holdings
- 4,000
LTIP Units
→ common stock (4,000 underlying)
Footnotes (5)
- [F1]Represents common stock issued under the InfraREIT, Inc. 2015 Equity Incentive Plan to non-employee directors who elected to receive shares of common stock in lieu of director cash compensation fees.
- [F2]Represents the volume-weighted price of InfraREIT, Inc. shares of common stock on the New York Stock Exchange during the fifteen (15) consecutive trading days prior to January 1.
- [F3]In the aggregate, Mr. Gates beneficially owns 16,860 shares of common stock, consisting of the 8,614 shares of common stock shown in Table I, the 4,246 shares underlying the LTIP Units shown in Table II, and the 4,000 shares underlying the LTIP Units shown in Table II.
- [F4]LTIP Units of InfraREIT Partners, LP are awarded under the InfraREIT, Inc. 2015 Equity Incentive Plan to non-employee directors who elected to receive LTIP Units in lieu of common stock. The LTIP Units are scheduled to fully vest on January 4, 2017. Pursuant to the Third Amended and Restated Agreement of Limited Partnership of InfraREIT Partners, LP, Mr. Gates 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. 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. The rights to convert vested LTIP Units into common units and redeem common units do not have expiration dates.
- [F5]Represents LTIP Units of InfraREIT Partners, LP that are scheduled to fully vest on February 4, 2016. Pursuant to the Third Amended and Restated Agreement of Limited Partnership of InfraREIT Partners, LP, Mr. Gates may elect to convert any vested LTIP Units on a one-for-one basis to common units of InfraREIT Partners, LP. 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 on February 4, 2016. 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
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 6:08 PM ET
- Size
- 10.7 KB