William F. Concannon - Sep 21, 2022 Form 4 Insider Report for Altus Power, Inc. (AMPS)

Role
Director
Signature
/s/ Sophia Lee, as Attorney-in-Fact
Stock symbol
AMPS
Transactions as of
Sep 21, 2022
Transactions value $
-$202,587
Form type
4
Date filed
9/23/2022, 05:09 PM
Previous filing
Jul 21, 2022
Next filing
Nov 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMPS Class A Common Stock Award +5.09K +5.09% 105K Sep 21, 2022 By Family LLC 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 AMPS Warrants (Right to Buy) Disposed to Issuer -$203K -18.4K -100% $11.00 0 Sep 21, 2022 Class A Common Stock 18.4K 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 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 on a cashless basis in exchange for the shares of Class A Common Stock reported herein at a ratio of 0.2763 shares per warrant.
F2 Each warrant is initially exercisable for one share of Class A Common Stock at an exercise price of $11.00 per share, subject to certain adjustments. The warrants became exercisable on January 8, 2022, 30 days after the issuer completed its business combination of CBRE Holdings, Inc. with Altus Power, Inc., which occurred on December 9, 2021. The warrants were acquired by the reporting person in connection with the initial public offering of CBRE Acquisition Holdings, Inc.