SEC Form 4 · accession 0000899243-17-008011
HA Sustainable Infrastructure Capital, Inc. · HASI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Eckel
Officer — President and CEO · Director
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 5:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001561894
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $0.01 per shareF1 | Mar 15, 2017 | A | 29,620 | $0.00 | A | 1,133,707 | D | |
| Common stock, par value $0.01 per shareF2 | Mar 15, 2017 | A | 63,160 | $0.00 | A | 1,196,867 | D | |
| Common stock, par value $0.01 per shareF3 | Mar 15, 2017 | A | 189,480 | $0.00 | A | 1,386,347 | D | |
| Common stock, par value $0.01 per shareF4 | holding | — | — | — | 15,460 | I | By Jeffrey W. Eckel Revocable Trust | |
| Common stock, par value $0.01 per shareF5 | holding | — | — | — | 770 | I | By grandson |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 15, 2017, the reporting person was granted 29,620 shares of restricted Common Stock that were issued pursuant to the 2013 Hannon Armstrong Sustainable Infrastructure Capital Inc. Equity Incentive Plan, as amended (the "Plan"). The shares vest on March 5, 2019.
- F2On March 15, 2017, the reporting person was granted 63,160 shares of restricted Common Stock that were issued pursuant to the Plan. The shares will vest in equal installments of one-third of the full amount on March 15, 2018, March 5, 2019 and March 5, 2020.
- F3On March 15, 2017, the reporting person was awarded up to a maximum of 189,480 Restricted Stock Units ("RSUs") under the Plan, which represent the right to receive one share of Common Stock of the issuer for each RSU at vesting. The RSUs vest on March 5, 2020 if certain absolute and relative stockholder return targets are achieved on or prior to such date. The number of RSUs to be awarded to the reporting person range from zero to 189,480 based on the Company's performance relative to the return targets. The RSUs reported on this Form 4 assume the reporting person receives the maximum possible grant. Dividend equivalents will accrue on the RSUs from the grant date, but the reporting person is not entitled to receive the dividend equivalents until the RSUs vest. The grant is being reported here for informational purposes only.
- F4These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary.
- F5The 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.