4//SEC Filing
Eckhart Michael T. 4
Accession 0001561894-20-000061
CIK 0001561894other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 9:35 PM ET
Size
7.2 KB
Accession
0001561894-20-000061
Insider Transaction Report
Form 4
Eckhart Michael T.
Director
Transactions
- Purchase
Common Stock
2020-03-26$20.61/sh+1,000$20,610→ 3,000 total
Holdings
- 2,385
LTIP Units
→ Common stock, par value $0.01 per share (2,385 underlying)
Footnotes (3)
- [F1]2,385 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 2,385 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan, as amended, and are scheduled to vest on August 15, 2020. Vested LTIP Units, after achieving parity with OP Units, are eligible to be converted into OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")) on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement.
- [F2]Upon conversion of LTIP Units into OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's OP Units for cash in an amount equal to the market value (as defined in the Partnership Agreement) of an equivalent number of shares of common stock, par value $0.01 per share, of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the "Issuer"), or at the Issuer's option, shares of the Issuer's common stock on a one-for-one basis, subject to certain adjustments.
- [F3]N/A
Documents
Issuer
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
CIK 0001561894
Entity typeother
Related Parties
1- filerCIK 0001783847
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 9:35 PM ET
- Size
- 7.2 KB