Lars Norell - Mar 22, 2023 Form 4/A - Amendment Insider Report for Altus Power, Inc. (AMPS)

Role: CO-FOUNDER CO-CEO CO-PRESIDENT, Director, 10%+ Owner
Signature: /s/ Sophia Lee, as Attorney-in-Fact
Stock symbol: AMPS
Transactions as of: Mar 22, 2023
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 4/19/2023, 08:51 AM
Date Of Original Report: Mar 24, 2023
Previous filing: Apr 19, 2023
Next filing: Apr 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMPS	Class A Common Stock	Award	$0	+186K	+5.73%	$0.00	3.43M	Mar 22, 2023	Direct	F1
transaction	AMPS	Class A Common Stock	Award	$0	+259K	+7.54%	$0.00	3.69M	Mar 22, 2023	Direct	F2
holding	AMPS	Class A Common Stock						21.8M	Mar 22, 2023	By Start Capital LLC	F3, F4
holding	AMPS	Class A Common Stock						2.85M	Mar 22, 2023	By Start Capital Trust	F5
holding	AMPS	Class A Common Stock						1.43M	Mar 22, 2023	By Viola Profectus Trust	F6
holding	AMPS	Class A Common Stock						1.43M	Mar 22, 2023	By Excelsior Profectus Trust	F6
holding	AMPS	Class A Common Stock						1.43M	Mar 22, 2023	By Latifolia Profectus Trust	F6

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	Performance Stock Unit	Award	$0	+86.2K		$0.00	86.2K	Mar 22, 2023	Class A Common Stock	86.2K		Direct	F7

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

Explanation of Responses:

Id	Content
F1	Represents 186,018 restricted stock units ("RSUs") granted to the Reporting Person on the transaction date pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive one share of the Issuer's Class A Common Stock. The RSUs are subject the Reporting Person's continued service to the Issuer and vesting as follows: 50% vesting on the first anniversary of the grant date and 50% vesting on the second anniversary of the grant date.
F2	Represents 258,630 RSUs granted to the Reporting Person on the transaction date pursuant to the Plan. Each RSU represents the right to receive one share of Issuer's Class A Common Stock. The RSUs are subject the Reporting Person's continued service to the Issuer and vesting as follows: approximately 33.3% vesting on the first anniversary of the grant date, approximately 33.3% vesting on the second anniversary of the grant date, and approximately 33.4% vesting on the third anniversary of the grant date.
F3	Shares held by Start Capital LLC, of which the Reporting Person is the managing member. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F4	This Form 4/A is being filed solely to include 100,000 shares that were inadvertently omitted from the holdings of Start Capital LLC.
F5	Shares held by Start Capital Trust, for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest, if any, therein.
F6	Shares held in an irrevocable trust for the benefit of the Reporting Person's child. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest, if any, therein.
F7	Represents 86,210 performance stock units, each of which represents the right to receive one share of the Issuer's Class A Common Stock and which vest in one installment on the third anniversary of the grant date based upon the Issuer's total stockholder return when compared to the Invesco Solar ETF ("TAN"), subject to certain adjustments, and the Russell 2000 index, assigning a weight of 50% to each. The number of performance stock units vested, and thus shares of Class A Common Stock issued, could range from 0 to 150% of the amount reported on this Form 4.