CBRE Acquisition Sponsor, LLC - 20 Sep 2022 Form 4 Insider Report for Altus Power, Inc.

Role
Director, 10%+ Owner
Signature
CBRE ACQUISITION SPONSOR, LLC, By: /s/ Emma E. Giamartino, Name: Emma E. Giamartino, Title: Global Group President, Chief Financial Officer and Chief Investment Officer
Issuer symbol
N/A
Transactions as of
20 Sep 2022
Net transactions value
$0
Form type
4
Filing time
23 Sep 2022, 21:15:47 UTC
Previous filing
20 Apr 2022
Next filing
03 Apr 2023
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 +9,237,749 +42% 31,239,560 20 Sep 2022 Held through CBRE Acquisition Sponsor, LLC F1, F2
transaction AMPS Class A Common Stock Disposed to Issuer -6,685,359 -21% 24,554,201 20 Sep 2022 Held through CBRE Acquisition Sponsor, LLC F1, F2, F3

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 Warrants (Right to Buy) Options Exercise $0 -9,237,749 -100% $0.000000* 0 20 Sep 2022 Class A Common Stock 9,237,749 Held through CBRE Acquisition Sponsor, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Following the issuer's notice of redemption of all outstanding warrants to purchase the issuer's Class A Common Stock, the reporting person exercised its warrants in a make-whole exercise on a cashless basis. The reporting person received 0.2763 shares of Class A Common Stock and the issuer withheld 0.7237 shares of Class A Common Stock per warrant exercised pursuant to the warrant agreement governing the warrants.
F2 Represents securities directly held by CBRE Acquisition Sponsor, LLC ("CBRE Sponsor"). The sole member of CBRE Sponsor is CBRE Services, Inc., which is a wholly-owned subsidiary of CBRE Group, Inc., a publicly traded company.
F3 Represents shares of Class A common stock deemed withheld by the issuer in connection with the make-whole exercise on a cashless basis pursuant to the warrant agreement governing the warrants.