Brenner Teresa 4
4 · Hannon Armstrong Sustainable Infrastructure Capital, Inc. · Filed Apr 5, 2021
Insider Transaction Report
Form 4
Brenner Teresa
Director
Transactions
- Award
LTIP Units
2021-04-01+2,080→ 9,316 total→ Common stock, par value $0.01 per share (2,080 underlying)
Holdings
- 11,360
Common stock, par value $0.01 per share
Footnotes (3)
- [F1]9,316 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 9,316 long-term incentive plan units ("LTIP Units") in the Partnership. 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 themarket 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