Nicole E. Bulgarino - Mar 4, 2022 Form 4 Insider Report for Ameresco, Inc. (AMRC)

Role: Executive Vice President
Signature: /s/ David J. Corrsin, attorney-in-fact
Stock symbol: AMRC
Transactions as of: Mar 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/8/2022, 04:45 PM
Previous filing: Nov 23, 2021
Next filing: Oct 4, 2022

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	AMRC	Stock Option (right to puchase)	Award	$0	+40K		$0.00	40K	Mar 4, 2022	Class A Common Stock	40K	$13.37	Direct	F1
transaction	AMRC	Stock Option (right to puchase)	Award	$0	+20K		$0.00	20K	Mar 4, 2022	Class A Common Stock	20K	$63.19	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 6, 2019, the reporting person was granted an option to purchase 50,000 shares of Class A common stock. The option vested based on continued service to Ameresco, Inc. and performance relative to goals established for the three-year performance period from January 1, 2019 to December 31, 2021. Based on the level of achievement of these goals, as determined by Ameresco, Inc.'s Compensation Committee, this option vested as to 40,000 shares.
F2	Of the shares subject to the option, 20% vest on March 4, 2023, and the remainder vest in four equal installments on each of the subsequent four anniversaries of such date.

Content

On August 6, 2019, the reporting person was granted an option to purchase 50,000 shares of Class A common stock. The option vested based on continued service to Ameresco, Inc. and performance relative to goals established for the three-year performance period from January 1, 2019 to December 31, 2021. Based on the level of achievement of these goals, as determined by Ameresco, Inc.'s Compensation Committee, this option vested as to 40,000 shares.

Of the shares subject to the option, 20% vest on March 4, 2023, and the remainder vest in four equal installments on each of the subsequent four anniversaries of such date.