| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AMPS | Class A Common Stock | Award | $1M | +100K | $10.00 | 100K | Dec 9, 2021 | By Family LLC | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AMPS | Class B Common Stock | Disposed to Issuer | -6.04K | -30% | 14.1K | Dec 9, 2021 | Class A Common Stock | 146K | By Family LLC | F2, F3, F4 | |||
| transaction | AMPS | Warrants (Right to Buy) | Other | $203K | +18.4K | $11.00 | 18.4K | Dec 9, 2021 | Class A Common Stock | 18.4K | By Family LLC | F5 |
| Id | Content |
|---|---|
| F1 | Reflects shares of Class A common stock ("Class A Common Stock") acquired pursuant to a subscription agreement as part of a private placement (PIPE) to certain investors in connection with the closing of the business combination of CBRE Acquisition Holdings, Inc. with Altus Power, Inc., which occurred on December 9, 2021 (the "Business Combination"). Following consummation of the Business Combination, CBRE Acquisition Holdings, Inc. changed its name to Altus Power, Inc. (the "Issuer"). |
| F2 | Pursuant to the terms of the Class B common stock of the Issuer (the "Class B Common Stock"), of which an aggregate of 1,408,750 shares are currently outstanding, on the last day of each measurement period, which will occur annually over seven fiscal years following the completion of the Business Combination, an aggregate of 201,250 shares of Class B Common Stock will automatically convert, subject to adjustment, into shares of Class A Common Stock, pursuant to a formula based on the stock price of the Class A Common Stock, into an aggregate minimum of 2,013 shares of Class A Common Stock on each conversion date, up to an aggregate maximum of 14,596,637 shares of Class A Common Stock over such seven year period. |
| F3 | Represents a disposition of Class B Common Stock pursuant to the terms of the Class B Letter Agreement, dated July 12, 2021, pursuant to which CBRE Acquisition Sponsor, LLC and certain other persons, including the Reporting Person, agreed to forfeit a specified number of shares of Class B Common Stock, effective upon the closing of the Business Combination. |
| F4 | The number of shares of Class A Common Stock reported as underlying such shares of Class B Common Stock in the Table above represents the approximate maximum number of shares of Class A Common Stock that may be delivered with respect to shares of Class B Common Stock reported above by the Reporting Person based on proportionate ownership of shares of Class B Common Stock. |
| F5 | Each Warrant is initially exercisable for one share of Class A Common Stock at an exercise price of $11.00 per share, subject to certain adjustments. The Warrants become exercisable on January 8, 2022, 30 days after the Issuer completed its Business Combination, and expire five years after completion of the Business Combination or earlier upon redemption or liquidation. The Warrants were acquired by the Reporting Person in connection with the initial public offering of CBRE Acquisition Holdings, Inc. |
The Reporting Person disclaims beneficial ownership of securities reported herein as indirectly held, except to the extent of his pecuniary interest therein.