William F. Concannon - Sep 21, 2022 Form 4 Insider Report for Altus Power, Inc. (AMPS)

Role: Director
Signature: /s/ Sophia Lee, as Attorney-in-Fact
Stock symbol: AMPS
Transactions as of: Sep 21, 2022
Transactions value $: -$202,587
Form type: 4
Date filed: 9/23/2022, 05:09 PM
Previous filing: Jul 21, 2022
Next filing: Nov 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMPS	Class A Common Stock	Award		+5.09K	+5.09%		105K	Sep 21, 2022	By Family LLC	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AMPS	Warrants (Right to Buy)	Disposed to Issuer	-$203K	-18.4K	-100%	$11.00	0	Sep 21, 2022	Class A Common Stock	18.4K		By Family LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Following the issuer's notice of redemption of all outstanding warrants to purchase the issuer's Class A Common Stock, the reporting person exercised its warrants on a cashless basis in exchange for the shares of Class A Common Stock reported herein at a ratio of 0.2763 shares per warrant.
F2	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 became exercisable on January 8, 2022, 30 days after the issuer completed its business combination of CBRE Holdings, Inc. with Altus Power, Inc., which occurred on December 9, 2021. The warrants were acquired by the reporting person in connection with the initial public offering of CBRE Acquisition Holdings, Inc.

Content

Following the issuer's notice of redemption of all outstanding warrants to purchase the issuer's Class A Common Stock, the reporting person exercised its warrants on a cashless basis in exchange for the shares of Class A Common Stock reported herein at a ratio of 0.2763 shares per warrant.

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 became exercisable on January 8, 2022, 30 days after the issuer completed its business combination of CBRE Holdings, Inc. with Altus Power, Inc., which occurred on December 9, 2021. The warrants were acquired by the reporting person in connection with the initial public offering of CBRE Acquisition Holdings, Inc.