0001561894-19-000069.txt : 20190509
0001561894-19-000069.hdr.sgml : 20190509
20190509171550
ACCESSION NUMBER: 0001561894-19-000069
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190508
FILED AS OF DATE: 20190509
DATE AS OF CHANGE: 20190509
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Eckel Jeffrey
CENTRAL INDEX KEY: 0001574200
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35877
FILM NUMBER: 19811773
MAIL ADDRESS:
STREET 1: 1906 TOWNE CENTRE BLVD.
STREET 2: SUITE 370
CITY: ANNAPOLIS
STATE: MD
ZIP: 21401
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Hannon Armstrong Sustainable Infrastructure Capital, Inc.
CENTRAL INDEX KEY: 0001561894
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 461347456
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1906 TOWNE CENTRE BLVD, SUITE 370
CITY: ANNAPOLIS
STATE: MD
ZIP: 21401
BUSINESS PHONE: (410) 571-9860
MAIL ADDRESS:
STREET 1: 1906 TOWNE CENTRE BLVD, SUITE 370
CITY: ANNAPOLIS
STATE: MD
ZIP: 21401
4
1
wf-form4_155743653533540.xml
FORM 4
X0306
4
2019-05-08
0
0001561894
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
HASI
0001574200
Eckel Jeffrey
1906 TOWNE CENTRE BLVD. SUITE 370
ANNAPOLIS
MD
21401
1
1
0
0
President and CEO
Common stock, par value $0.01 per share
2019-05-08
4
P
0
930
26.82
A
104430
I
By Chesapeake Power LLC
Common stock, par value $0.01 per share
2019-05-08
4
P
0
55
26.84
A
2494
I
By grandson
Common stock, par value $0.01 per share
669336
D
Common stock, par value $0.01 per share
42000
I
By spouse
Common stock, par value $0.01 per share
597681
I
By Jeffrey W. Eckel Revocable Trust
LTIP Units
Common stock, par value $0.01 per share
228000.0
228000
I
By HASI Management HoldCo LLC
These shares are held by the Chesapeake Power, LLC, of which Jeffrey W. Eckel is the sole member. Includes 103,500 shares previously reported as owned directly; this was an inadvertent administrative oversight, as these shares are held by Chesapeake Power, LLC.
The 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.
Excludes 103,500 shares previously reported as owned directly; this was an inadvertent administrative oversight, as these shares are held by Chesapeake Power, LLC, as referred to in the first row of this Form 4.
These shares are held by the reporting person's spouse. The reporting person disclaims ownership other than to the extent of his pecuniary interest.
These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary.
228,000 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 228,000 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan, as amended. Of these 228,000 LTIP Units, 76,000 are scheduled to vest in equal annual installments of one-third of the full amount on May 15, 2020, March 5, 2021, and March 5, 2022, subject to continued employment by the Reporting Person, and 152,000 represent the maximum amount of LTIP Units that can vest on March 5, 2022 contingent upon the achievement of certain performance criteria ("Vested LTIP Units").
Vested LTIP Units, after achieving parity with OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")), are eligible to be converted into OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement. Upon conversion of LTIP Units into OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's OP Units for cash in an amount equal to the market value (as defined in the Partnership Agreement) of an equivalent number of shares of common stock, par value $0.01 per share, of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the "Issuer"), or at the Issuer's option, shares of the Issuer's common stock on a one-for-one basis, subject to certain adjustments.
N/A
These LTIP Units are held by HASI Management HoldCo LLC ("HoldCo LLC"). The Reporting Person is the managing member of HoldCo LLC. The LTIP Units reported represent only the number of LTIP Units in which the Reporting Person has a pecuniary interest in accordance with his proportionate interest in HoldCo LLC. The Reporting Person is voluntarily reporting his proportionate interest in HoldCo LLC's ownership of LTIP Units. The Reporting Person disclaims beneficial ownership other than to the extent of his pecuniary interest.
/s/ Jeffrey Eckel
2019-05-09