0001561894-23-000107.txt : 20230821 0001561894-23-000107.hdr.sgml : 20230821 20230821163751 ACCESSION NUMBER: 0001561894-23-000107 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230821 FILED AS OF DATE: 20230821 DATE AS OF CHANGE: 20230821 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: 231189651 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: ONE PARK PLACE, SUITE 200 CITY: ANNAPOLIS STATE: MD ZIP: 21401 BUSINESS PHONE: (410) 571-9860 MAIL ADDRESS: STREET 1: ONE PARK PLACE, SUITE 200 CITY: ANNAPOLIS STATE: MD ZIP: 21401 4 1 wf-form4_169265025586998.xml FORM 4 X0508 4 2023-08-21 0 0001561894 Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI 0001574200 Eckel Jeffrey ONE PARK PLACE SUITE 200 ANNAPOLIS MD 21401 1 1 0 0 Executive Chair 0 Common stock, par value $0.01 per share 2023-08-21 4 P 0 2525 19.76 A 19162 D Common stock, par value $0.01 per share 2023-08-21 4 P 0 351 19.75 A 2887 I By grandson Common stock, par value $0.01 per share 549894 I By Jeffrey W. Eckel Revocable Trust Common stock, par value $0.01 per share 67661 I By Chesapeake Power LLC Common stock, par value $0.01 per share 36900 I By spouse LTIP Units Common stock, par value $0.01 per share 758117.0 758117 I By HASI Management HoldCo LLC The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.76 to $19.77, inclusive, on August 21, 2023. The reporting personundertakes to provide Hannon Armstrong Sustainable Infrastructure Capital, Inc., any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full informationregarding the number of shares sold at each separate price within the ranges set forth in this footnote. 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. These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary. These shares are held by Chesapeake Power, LLC, of which Jeffrey W. Eckel is the sole member These shares are held by the reporting person's spouse. The reporting person disclaims ownership other than to the extent of his pecuniary interest. 758,117 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 758,117 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, and the Issuer's 2022 Equity Incentive Plan. 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 a 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 2023-08-21