0001628280-22-003079.txt : 20220217 0001628280-22-003079.hdr.sgml : 20220217 20220217183049 ACCESSION NUMBER: 0001628280-22-003079 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220215 FILED AS OF DATE: 20220217 DATE AS OF CHANGE: 20220217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CONCANNON WILLIAM F CENTRAL INDEX KEY: 0001190864 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39798 FILM NUMBER: 22650025 MAIL ADDRESS: STREET 1: 200 PARK AVENUE STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10166 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Altus Power, Inc. CENTRAL INDEX KEY: 0001828723 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 853448396 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2200 ATLANTIC STREET, 6TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: (203) 698-0090 MAIL ADDRESS: STREET 1: 2200 ATLANTIC STREET, 6TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: CBRE Acquisition Holdings, Inc. DATE OF NAME CHANGE: 20201016 4 1 wf-form4_164514062721536.xml FORM 4 X0306 4 2022-02-15 0 0001828723 Altus Power, Inc. AMPS 0001190864 CONCANNON WILLIAM F C/O CBRE GROUP, INC. 2100 MCKINNEY AVENUE, SUITE 1250 DALLAS TX 75201 1 0 0 0 Class A Common Stock 2022-02-15 4 A 0 20500 0 A 20500 D Class A Common Stock 100000 I By Family LLC Class B Common Stock Class A Common Stock 145966.0 14087.50 I By Family LLC Warrants (Right to Buy) 2026-12-09 Class A Common Stock 18417.0 18417 I By Family LLC Represents restricted stock units ("RSUs") granted to the Reporting Person pursuant to a Director Offer Letter agreement, dated December 9, 2021, between the Reporting Person and the Issuer, pursuant to which the Reporting Person will receive RSUs as a portion of the Reporting Person's compensation for services to the Issuer as a Director. Each RSU represents the right to receive one share of Common Stock. The RSUs vest as follows: (i) 10,000 RSUs vest in equal annual installments on each of the first two anniversaries of the consummation of the Issuer's business combination transaction on December 9, 2021 (the "Vesting Commencement Date"); and (ii) 10,500 RSUs vest in full on the first anniversary of the Vesting Commencement Date, in each case subject to the Reporting Person's continued service to the Issuer through each such date. 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 of CBRE Acquisition Holdings, Inc. with Altus Power, Inc., which occurred on December 9, 2021, 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. 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. 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 and expire on December 9, 2026, or earlier upon redemption or liquidation. The Reporting Person disclaims beneficial ownership of securities reported herein as indirectly held, except to the extent of his pecuniary interest herein. /s/ Cindy Kee, as Attorney-in-Fact 2022-02-17 EX-24 2 active_119653331x2xlimited.htm POA WC

LIMITED POWER OF ATTORNEY

    The undersigned hereby constitutes and appoints Sophia Lee with full power of substitution, as the undersigned's true and lawful attorney-in-fact to:

(1)    prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934, as amended, or any rule or regulation of the SEC;

(2)    execute for and on behalf of the undersigned, in the undersigned's capacity as officer and/or director of Altus Power, Inc. (the "Company"), Forms3, 4, 5 and any Schedules 13D or 13G in accordance with Section16(a) of the Securities Exchange Act of 1934, as amended, and the rules thereunder;

(3)        do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Form3, 4, or 5 or Schedule 13D or 13G, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority; and

(4)    take any other action of any type whatsoever in connection with the foregoing that, in the opinion of each such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by each such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as each such attorney-in-fact may approve in each such attorney-in-fact's discretion.

    The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that each such attorney-in-fact, or each such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.  The undersigned acknowledges that each foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section16 of the Securities Exchange Act of 1934, as amended.

       This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms3, 4, 5, and any Schedules 13D or 13G with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to each foregoing attorney-in-fact.

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           IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 16th day of February, 2022.


        _/s/ William F. Concannon___________
        Name: William Concannon

Exhibit 24



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