HA Sustainable Infrastructure Capital, Inc. Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

3 Months Ended

Mar. 31, 2016

Our board of directors declared the following dividends in 2015 and 2016:

Announced Date

Record Date

Pay Date

Amount per
share

3/17/15

3/30/15

4/9/15

0.26

6/16/15

6/30/15

7/9/15

0.26

9/16/15

9/30/15

10/8/15

0.26

12/15/15

12/30/15

1/7/16

0.30

3/15/16

3/30/16

4/7/16

0.30

We completed the following public offerings of common stock in 2015:


Closing Date	Shares Issued¹		Price Per Share		Net Proceeds ²
	(amounts in millions, except per share amounts)
5/4/15		4.60	$	18.50	$	82
10/19/15		5.75	$	18.00	$	99

¹	Includes shares issued in connection with the exercise of the underwriters’ option to purchase additional shares.

²	Net proceeds from the offerings is shown after deducting underwriting discounts, commissions and other offering costs.

A summary of the unvested shares of restricted common stock that have been issued is as follows:


	Restricted Shares of Common Stock			Weighted Average Share Price		Value (in millions)
Balance — December 31, 2014		964,820		$	13.41	$	12.9
Granted		586,648			17.29		10.2
Vested		(285,289	)		13.61		(3.9	)
Forfeited		(18,110	)		15.54		(0.3	)

Balance — December 31, 2015		1,248,069		$	15.16	$	18.9
Granted		647,970			18.58		12.0
Vested		(29,268	)		14.23		(0.4	)
Forfeited		—			—		—

Ending Balance — March 31, 2016		1,866,771		$	16.36	$	30.5