SEC Form 4 · accession 0001209191-16-124486

InfraREIT, Inc. · HIFR

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

Reporting owner

Officer — SVP & General Counsel

Period of report

May 27, 2016

Accepted (ET)

May 31, 2016 · 7:05 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	11,769	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	34,215	34,215	I

F1Represents the receipt of a grant of common stock by Mr. Nelson 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. Nelson with HCI or an affiliate thereof on such dates.
F2In the aggregate, Mr. Nelson beneficially owns 45,984 shares of common stock, consisting of the 11,769 shares of common stock shown in Table I and the 34,215 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 34,215 common units beneficially owned by Mr. Nelson are held by Electricity Participant Partnership, LLC, a subsidiary of Hunt Consolidated, Inc.