SEC Form 4 · accession 0001561894-18-000049
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
Apr 4, 2018
Accepted (ET)
Apr 6, 2018 · 5:48 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,F2 | Apr 4, 2018 | A | 37,029 | $0.00 | A | 689,470 | D | |
| Common stock, par value $0.01 per shareF3,F2 | Apr 4, 2018 | A | 62,100 | $0.00 | A | 751,570 | D | |
| Common stock, par value $0.01 per shareF4,F2 | Apr 4, 2018 | A | 124,200 | $0.00 | A | 875,770 | D | |
| Common stock, par value $0.01 per shareF5 | holding | — | — | — | 1,520 | I | By grandson | |
| Common stock, par value $0.01 per shareF6 | holding | — | — | — | 42,000 | I | By significant other | |
| Common stock, par value $0.01 per shareF7,F8 | holding | — | — | — | 588,881 | I | By Jeffrey W. Eckel Revocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 4, 2018, the reporting person was granted 37,029 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 May 15, 2019.
- F2Excludes 29,776 shares previously reported as owned directly; this was an inadvertent administrative oversight as these shares are held by the Jeffrey W. Eckel Revocable Trust, as referred to in the sixth row of this Form 4.
- F3On April 4, 2018, the reporting person was granted 62,100 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 May 15, 2019, March 5, 2020 and March 5, 2021.
- F4On April 4, 2018, the reporting person was awarded up to a maximum of 124,200 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, 2021 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 124,200 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.
- 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.
- F6These shares are held by the reporting person's significant other. The reporting person disclaims ownership other than to the extent of his pecuniary interest.
- F7These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary.
- F8Includes 29,776 shares previously reported as owned directly; this was an inadvertent administrative oversight, as these shares are held by the Jeffrey W. Eckel Revocable Trust.