X0306 4 2017-01-03 0 0001506401 InfraREIT, Inc. HIFR 0001631424 Rosenblum Harvey 1807 ROSS AVENUE, 4TH FLOOR DALLAS TX 75201 1 0 0 0 LTIP Units 2017-01-03 4 A 0 4519 A common stock 4519 12765 D Represents LTIP Units of InfraREIT Partners, LP, 8,246 of which are fully vested and 4,519 of which are scheduled to vest on January 3, 2018. Pursuant to the Third Amended and Restated Agreement of Limited Partnership of InfraREIT Partners, LP, Mr. Rosenblum may elect to convert any vested LTIP Units on a one-for-one basis to common units of InfraREIT Partners, LP in accordance with their terms. 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 rights to convert vested LTIP Units into common units and redeem common units do not have expiration dates. LTIP Units are awarded under the InfraREIT, Inc. 2015 Equity Incentive Plan to non-employee directors who elected to receive LTIP Units in lieu of common stock. /s/ Gregory S. Imhoff, as Attorney-In-Fact for Harvey Rosenblum 2017-01-05