William F. Concannon - 31 Mar 2022 Form 4 Insider Report for Altus Power, Inc.

Role
Director
Signature
/s/ Cindy Kee, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
31 Mar 2022
Net transactions value
$0
Form type
4
Filing time
20 Apr 2022, 18:00:19 UTC
Previous filing
17 Feb 2022
Next filing
21 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMPS Class A Common Stock Options Exercise +20 +0.02% 100,020 31 Mar 2022 By Family LLC F1, F2
holding AMPS Class A Common Stock 20,500 31 Mar 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMPS Class B Common Stock Options Exercise $0 -2,012 -14% $0.000000 12,075 31 Mar 2022 Class A Common Stock 20 By Family LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the Class B common stock of the Issuer (the "Class B Common Stock"), of which an aggregate of 1,207,500 shares are currently outstanding, on the last day of each measurement period, which will occur annually over seven fiscal years following the completion of the business combination of CBRE Acquisition Holdings, Inc. with Altus Power, Inc., which occurred on December 9, 2021, an aggregate of 201,250 shares of Class B Common Stock will automatically convert, subject to adjustment, into shares of Class A Common Stock of the Issuer (the "Class A Common Stock"), pursuant to a formula based on the stock price of the Class A Common Stock, into an aggregate minimum of 2,013 shares of Class A Common Stock on each conversion date, up to an aggregate maximum of 14,596,637 shares of Class A Common Stock over such seven year period.
F2 On the last day of the measurement period ending on March 31, 2022 and pursuant to the formula referenced above, an aggregate of 201,250 shares of Class B Common Stock automatically converted into an aggregate of 2,013 shares of Class A Common Stock. Such conversion of Class B Common Stock applies to each holder of Class B Common Stock on a pro rata basis on the basis of the amounts of such Class B Common Stock held by such holder. In connection with the above, 2,012.5 shares of Class B Common Stock beneficially owned by the Reporting Person were converted into 20 shares of Class A Common Stock.

Remarks:

The Reporting Person disclaims beneficial ownership of securities reported herein as indirectly held, except to the extent of his pecuniary interest herein.