Mark Chiplock - 04 Mar 2022 Form 4 Insider Report for Ameresco, Inc. (AMRC)

Role: SVP & CAO
Signature: /s/ David J. Corrsin, attorney-in-fact
Issuer symbol: AMRC
Transactions as of: 04 Mar 2022
Net transactions value: -$188,850
Form type: 4
Filing time: 08 Mar 2022, 16:45:44 UTC
Previous filing: 05 Nov 2021
Next filing: 14 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMRC	Class A Common Stock	Options Exercise	$30,150	+3,000		$10.05^*	3,000	08 Mar 2022	Direct
transaction	AMRC	Class A Common Stock	Sale	$219,000	-3,000	-100%	$73.00	0	08 Mar 2022	Direct	F1

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	+36,000		$0.000000	36,000	04 Mar 2022	Class A Common Stock	36,000	$13.37	Direct	F2
transaction	AMRC	Stock Option (right to purchase)	Options Exercise	$0	-3,000	-50%	$0.000000	3,000	08 Mar 2022	Class A Common Stock	3,000	$10.05	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.00 to $73.13, inclusive. The reporting person undertakes to provide to Ameresco, Inc., any security holder of Ameresco, Inc., 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 range set forth in this footnote (1) to this Form 4.
F2	On August 6, 2019, the reporting person was granted an option to purchase 40,000 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 36,000 shares.
F3	Of the shares subject to the option, 20% vested on March 8, 2019, and the remainder vest in four equal installments on each of the subsequent four anniversaries of such date.