Rosenblum Harvey 4
4 · InfraREIT, Inc. · Filed Jan 3, 2018
Insider Transaction Report
Form 4
InfraREIT, Inc.HIFR
Rosenblum Harvey
Director
Transactions
- Award
LTIP Units
2018-01-03+4,136→ 16,901 total→ common stock (4,136 underlying)
Footnotes (2)
- [F1]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. Rosenblum 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.
- [F2]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.