SEC Form 4 · accession 0001209191-16-124482

InfraREIT, Inc. · HIFR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP & Chief Financial Officer

Period of report

May 27, 2016

Accepted (ET)

May 31, 2016 · 7:03 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001506401

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
common stock, $0.01 par value per share^F1,F2	May 27, 2016	J	5,500	—	A	10,500	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
common units^F3,F2,F4	—	holding	—	—	—	—	—	common stock	51,323	51,323	I

F1Represents the receipt of a grant of common stock by Mr. Meleski from Hunt Transmission Services, LLC, a subsidiary of Hunt Consolidated, Inc. ("HCI"), as incentive compensation. The stock is restricted and subject to vesting. The shares will vest one-third on January 1, 2017, one-third on January 1, 2018 and the balance of shares will vest on January 1, 2019, subject to continual service by Mr. Meleski with HCI or an affiliate thereof on such dates.
F2In the aggregate, Mr. Meleski beneficially owns 61,823 shares of common stock, consisting of the 10,500 shares of common stock shown in Table I and the 51,323 shares underlying the common units shown in Table II.
F3Represents common units of InfraREIT Partners, LP. Pursuant to the Third Amended and Restated Agreement of Limited Partnership of InfraREIT Partners, LP, common units are redeemable for cash or, at InfraREIT, Inc.'s election, shares of InfraREIT, Inc.'s common stock on a one-for-one basis. The right to redeem common units does not have an expiration date.
F4The 51,323 common units beneficially owned by Mr. Meleski are held by Electricity Participant Partnership, LLC, a subsidiary of Hunt Consolidated, Inc.