Filing Details

Accession Number:
0001561894-19-000119
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-11-05 17:04:23
Reporting Period:
2019-11-01
Accepted Time:
2019-11-05 17:04:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1561894 Hannon Armstrong Sustainable Infrastructure Capital Inc. HASI Real Estate Investment Trusts (6798) 461347456
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1574200 Jeffrey Eckel 1906 Towne Centre Blvd. Suite 370
Annapolis MD 21401
President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share Disposition 2019-11-01 2,234 $0.00 594,197 No 5 G Indirect By Jeffrey W. Eckel Revocable Trust
Common Stock, Par Value $0.01 Per Share Acquisiton 2019-11-01 25 $30.17 2,555 No 4 P Indirect By grandson
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 G Indirect By Jeffrey W. Eckel Revocable Trust
No 4 P Indirect By grandson
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share 641,452 Direct
Common Stock, Par Value $0.01 Per Share 106,285 Indirect By Chesapeake Power LLC
Common Stock, Par Value $0.01 Per Share 42,000 Indirect By spouse
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, Par Value $0.01 Per Share LTIP Units $0.00 228,000 228,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
228,000 228,000 Indirect
Footnotes
  1. Bona Fide Gift. No compensation was given to the donor for the gifting of these shares.
  2. These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary.
  3. The reporting person acts as custodian for his grandson under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  4. These shares are held by the Chesapeake Power, LLC, of which Jeffrey W. Eckel is the sole member.
  5. These shares are held by the reporting person's spouse. The reporting person disclaims ownership other than to the extent of his pecuniary interest.
  6. 228,000 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 228,000 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan, as amended. Of these 228,000 LTIP Units, 76,000 are scheduled to vest in equal annual installments of one-third of the full amount on May 15, 2020, March 5, 2021, and March 5, 2022, subject to continued employment by the Reporting Person, and 152,000 represent the maximum amount of LTIP Units that can vest on March 5, 2022 contingent upon the achievement of certain performance criteria ("Vested LTIP Units").
  7. Vested LTIP Units, after achieving parity with OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")), are eligible to be converted into OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement. 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.
  8. N/A
  9. These LTIP Units are held by HASI Management HoldCo LLC ("HoldCo LLC"). The Reporting Person is the managing member of HoldCo LLC. The LTIP Units reported represent only the number of LTIP Units in which the Reporting Person has a pecuniary interest in accordance with his proportionate interest in HoldCo LLC. The Reporting Person is voluntarily reporting his proportionate interest in HoldCo LLC's ownership of LTIP Units. The Reporting Person disclaims beneficial ownership other than to the extent of his pecuniary interest.