4//SEC Filing
Baker W Kirk 4
Accession 0001209191-18-001355
CIK 0001506401other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 6:51 PM ET
Size
10.5 KB
Accession
0001209191-18-001355
Insider Transaction Report
Form 4
InfraREIT, Inc.HIFR
Baker W Kirk
DirectorOther
Transactions
- Award
LTIP Units
2018-01-03+4,136→ 16,901 total→ common stock (4,136 underlying)
Holdings
- 39,932
common stock, $0.01 par value per share
- 3,000(indirect: By Trust)
common stock, $0.01 par value per share
- 256,615
common units
→ common stock (256,615 underlying)
Footnotes (5)
- [F1]In the aggregate, Mr. Baker beneficially owns 313,448 shares of common stock, consisting of the 39,932 shares of common stock shown in Table I, the 256,615 shares underlying the common units shown in Table II and the 16,901 shares underlying the LTIP Units shown in Table II, but does not include the 3,000 shares held by the Knight Children's Trust as to which Mr. Baker has disclaimed beneficial ownership.
- [F2]Represents securities held by the Knight Grandchildren's Trust for the benefit of Mr. Baker's children. Mr. Baker's spouse is the trustee of the trust. Mr. Baker disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission that Mr. Baker is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F3]Represents LTIP Units of InfraREIT Partners, LP, 12,765 of which are fully vested and 4,136 of which are scheduled to vest on January 3, 2019. Pursuant to the Third Amended and Restated Agreement of Limited Partnership of InfraREIT Partners, LP, Mr. Baker 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.
- [F4]LTIP Units 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.
- [F5]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.
Documents
Issuer
InfraREIT, Inc.
CIK 0001506401
Entity typeother
Related Parties
1- filerCIK 0001630818
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 6:51 PM ET
- Size
- 10.5 KB