Michael T. Bakas - 01 Sep 2021 Form 4 Insider Report for Ameresco, Inc. (AMRC)

Role: Executive Vice President
Signature: /s/ David J. Corrsin, attorney-in-fact
Issuer symbol: AMRC
Transactions as of: 01 Sep 2021
Transactions value $: -$1,681,865
Form type: 4
Filing time: 02 Sep 2021, 17:21:53 UTC
Next filing: 05 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMRC	Class A Common Stock	Options Exercise	$76.8K	+16.6K		$4.64^*	16.6K	01 Sep 2021	Direct
transaction	AMRC	Class A Common Stock	Options Exercise	$41.8K	+5K	+30.21%	$8.35^*	21.6K	01 Sep 2021	Direct
transaction	AMRC	Class A Common Stock	Options Exercise	$29K	+5K	+23.2%	$5.80^*	26.6K	01 Sep 2021	Direct
transaction	AMRC	Class A Common Stock	Sale	-$1.51M	-21.9K	-82.44%	$69.06	4.66K	01 Sep 2021	Direct	F1
transaction	AMRC	Class A Common Stock	Sale	-$318K	-4.66K	-100%	$68.16	0	01 Sep 2021	Direct	F2

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	AMRC	Stock Option (right to purchase)	Options Exercise	$0	-16.6K	-96.22%	$0.00	650	01 Sep 2021	Class A Common Stock	16.6K	$4.64	Direct
transaction	AMRC	Stock Option (right to purchase)	Options Exercise	$0	-5K	-20%	$0.00	20K	01 Sep 2021	Class A Common Stock	5K	$8.35	Direct	F3
transaction	AMRC	Stock Option (right to purchase)	Options Exercise	$0	-5K	-20%	$0.00	20K	01 Sep 2021	Class A Common Stock	5K	$5.80	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.51 to $69.47, inclusive. The reporting person undertakes to provide to Ameresco, Inc., any security holder of Ameresco, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (1) and (2) to this Form 4.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.92 to $68.40, inclusive.
F3	Of the shares subject to the option, 20% vest on February 2, 2019, and the remainder vest in four equal installments on each of the subsequent four anniversaries of such date.
F4	Of the shares subject to the option, 20% vest on March 9, 2018, and the remainder vest in four equal installments on each of the subsequent four anniversaries of such date.