InfraREIT, Inc. 4
4 · InfraREIT, Inc. · Filed May 31, 2016
Insider Transaction Report
Form 4
InfraREIT, Inc.HIFR
Phillips Lance
VP, Prin. Acct. Ofc. & Cont.
Transactions
- Other
common stock, $0.01 par value per share
2016-05-27+1,250→ 1,668 total
Holdings
- 21,385(indirect: By LLC)
common units
→ common stock (21,385 underlying)
Footnotes (4)
- [F1]Represents the receipt of a grant of common stock by Mr. Phillips from Hunt Transmission Services, LLC, a subsidiary of Hunt Consolidated, Inc. ("HCI"), as incentive compensation. The stock is restricted and subject to vesting. The shares will vest one-third on January 1, 2017, one-third on January 1, 2018 and the balance of shares will vest on January 1, 2019, subject to continual service by Mr. Phillips with HCI or an affiliate thereof on such dates.
- [F2]In the aggregate, Mr. Phillips beneficially owns 23,053 shares of common stock, consisting of the 1,668 shares of common stock shown in Table I and the 21,385 shares underlying the common units shown in Table II.
- [F3]Represents common units of InfraREIT Partners, LP. Pursuant to the Third Amended and Restated Agreement of Limited Partnership 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. The right to redeem common units does not have an expiration date.
- [F4]The 21,385 common units beneficially owned by Mr. Phillips are held by Electricity Participant Partnership, LLC, a subsidiary of HCI.