4//SEC Filing
Rose Nathaniel 4
Accession 0001561894-21-000023
CIK 0001561894other
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 4:48 PM ET
Size
10.6 KB
Accession
0001561894-21-000023
Insider Transaction Report
Form 4
Rose Nathaniel
Senior Vice President & CIO
Transactions
- Tax Payment
Common stock, par value $0.01 per share
2021-03-05$53.08/sh−21,415$1,136,708→ 185,507 total - Sale
Common stock, par value $0.01 per share
2021-03-08$51.90/sh−10,000$519,000→ 175,507 total
Holdings
- 114,750(indirect: By LLC)
LTIP Units
→ Common stock, par value $0.01 per share (114,750 underlying)
Footnotes (8)
- [F1]Consists of shares of Common Stock withheld by the issuer, with approval of the issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of 44,277 shares of Common Stock.
- [F2]Represents the closing price of the Common Stock on March 5, 2021.
- [F3]10,000 of these shares were sold pursuant to a Rule 10b5-1 trading plan, dated August 14, 2020.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.82 to $52.98, inclusive, on March 8, 2021. The reporting person undertakes to provide Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F5]114,750 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 114,750 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.
- [F6]Vested LTIP Units, after achieving parity with OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")), are eligible to be converted into OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement. 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.
- [F7]N/A
- [F8]These LTIP Units are held by HASI Management HoldCo LLC ("HoldCo LLC"). The Reporting Person is a member of HoldCo LLC. The LTIP Units reported represent only the number of LTIP Units in which the Reporting Person has a pecuniary interest in accordance with his proportionate interest in HoldCo LLC. The Reporting Person is voluntarily reporting his proportionate interest in HoldCo LLC's ownership of LTIP Units. The Reporting Person disclaims beneficial ownership other than to the extent of his pecuniary interest.
Documents
Issuer
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
CIK 0001561894
Entity typeother
Related Parties
1- filerCIK 0001574203
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 4:48 PM ET
- Size
- 10.6 KB