Hunt Consolidated, Inc. 4
4 · InfraREIT, Inc. · Filed Oct 20, 2017
Insider Transaction Report
Form 4
InfraREIT, Inc.HIFR
Hunt Consolidated, Inc.
10% Owner
Transactions
- Other
common stock, $0.01 par value per share
2017-10-20+834→ 6,334 total(indirect: By a subsidiary)
Holdings
- 15,170,442(indirect: By a subsidiary)
common units
→ common stock (15,170,442 underlying)
Footnotes (3)
- [F1]Represents the forfeiture by Lance J. Phillips to Hunt Transmission Services, LLC ("HTS"), a subsidiary of Hunt Consolidated, Inc. ("HCI"), of the unvested portion of a prior grant of common stock from HTS as incentive compensation. The stock was restricted and, as of Mr. Phillips' resignation on October 20, 2017, 834 shares had not vested. As a result, pursuant to the terms of the grant, the shares were forfeited.
- [F2]In the aggregate, HCI beneficially owns 15,176,776 shares of common stock, consisting of the 6,334 shares of common stock shown in Table I and the 15,170,442 shares of common stock underlying the common units shown in Table II. This amount excludes 454,102 common units held by Electricity Participant Partnership, LLC, a subsidiary of HCI, as to which HCI has disclaimed beneficial ownership.
- [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.