Steven G. Osgood - Nov 10, 2022 Form 4 Insider Report for Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI)

Role
Director
Signature
/s/ Steven G. Osgood
Stock symbol
HASI
Transactions as of
Nov 10, 2022
Transactions value $
$32,100
Form type
4
Date filed
11/10/2022, 07:36 PM
Previous filing
Jun 1, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HASI Common stock, par value $0.01 per share Purchase $32.1K +1K +3.54% $32.10 29.3K Nov 10, 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
holding HASI LTIP Units 19.3K Nov 10, 2022 Common stock, par value $0.01 per share 19.3K By Steven G Osgood TTEE Steven G Osgood TR U/A DTD 09 09 2019 F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 9,978 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 9,978 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 the market 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
F4 Includes 9,346 LTIP Units previously reported as Direct Ownership which are now held indirectly by Steven G Osgood TTEE Steven G Osgood TR U/A DTD 09 09 2019.
F5 These LTIP Units are held Steven G Osgood TREE Steven G Osgood TR U/A DTD 09/09/2019, of which Mr. Osgood is the trustee. Ms. Osgood possesses the voting and investment power with respect to the shares of LTIP Units held by the Trust.