CBRE GROUP, INC. — Director's Dealing 2021

Dec 13, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Altus Power, Inc. (AMPS)
CIK: 0001828723
Period of Report: 2021-12-09

Reporting Person: CBRE Acquisition Sponsor, LLC (Director, 10% Owner)
Reporting Person: CBRE SERVICES, INC. (Director, 10% Owner)
Reporting Person: CBRE GROUP, INC. (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	22000000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (13136973)		Indirect
Warrants (Right to Buy)	$11.00	2026-12-09	Class A Common Stock (9237749)		Indirect

Footnotes

F1: Represents securities directly held by CBRE Acquisition Sponsor, LLC ("CBRE Sponsor"). The sole member of CBRE Sponsor is CBRE Services, Inc., which is a wholly-owned subsidiary of CBRE Group, Inc., a publicly traded company.

F2: On December 9, 2021, CBRE Acquisition Holdings, Inc. completed a business combination with Altus Power, Inc. (the "Business Combination"), and CBRE Acquisition Holdings, Inc. changed its name to Altus Power, Inc. (the "Issuer"). 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 of the Issuer (the "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: CBRE Sponsor holds 1,267,875 shares of Class B Common Stock and 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 held by CBRE Sponsor based on its proportionate ownership of shares of Class B Common Stock.

F4: 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.