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Filing Details

Accession Number:: 0000950142-21-000473
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-10 16:40:51
Reporting Period:: 2021-02-08

Accepted Time:: 2021-02-10 16:40:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1652362	Infrastructure & Energy Alternatives Inc.	IEA	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1402746	Oaktree Fund Gp I, L.p.	333 South Grand Avenue, 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1403528	Oaktree Capital Group, Llc	333 South Grand Avenue, 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1403530	Oaktree Capital I, L.p.	333 South Grand Avenue, 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1407178	Ocm Holdings I, Llc	333 South Grand Avenue, 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1407181	Oaktree Holdings, Llc	333 South Grand Avenue, 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1499005	Oaktree Fund Gp, Llc	333 South Grand Avenue, 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1732445	Oaktree Power Opportunities Fund Iii Delaware, L.p.	333 South Grand Avenue, 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1732815	Infrastructure & Energy Alternatives, Llc	333 South Grand Avenue, 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share	Disposition	2021-02-08	8,853,283	$16.75	1,945,217	No	4	S	Indirect	See footnotes
Series A Preferred Stock, Par Value $0.0001 Per Share	Disposition	2021-02-09	17,483	$1,267.11	0	No	4	S	Indirect	See footnotes
Series B-1 Preferred Stock, Par Value $0.0001 Per Share	Disposition	2021-02-09	20,000	$1,166.94	0	No	4	S	Indirect	See footnotes
Series B-3 Preferred Stock Par Value $0.0001 Per Share	Disposition	2021-02-09	19,124	$1,071.13	0	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share	81,433	Indirect	See footnotes

Footnotes

Represents shares held of record by Infrastructure and Energy Alternatives, LLC ("IEA LLC").
Represents shares held of record by OT POF IEA Preferred B Aggregator, L.P. ("Preferred B Aggregator"), which may be deemed to be indirectly held by the Reporting Persons. The general partner of Preferred B Aggregator is OT POF IEA Preferred B Aggregator GP, LLC ("Preferred B Aggregator GP").
Oaktree Power Opportunities Fund III Delaware, L.P. ("Fund III") is the controlling equity holder of IEA LLC and the managing member of Preferred B Aggregator GP. The general partner of Fund III is Oaktree Fund GP, LLC. The managing member of Oaktree Fund GP, LLC is Oaktree Fund GP I, L.P. The general partner of Oaktree Fund GP I, L.P. is Oaktree Capital I, L.P. The general partner of Oaktree Capital I, L.P. is OCM Holdings I, LLC. The managing member of OCM Holdings I, LLC is Oaktree Holdings, LLC. The managing member of Oaktree Holdings, LLC is Oaktree Capital Group, LLC ("OCG").
Represents shares held of record by FIE. Includes 34,529 restricted stock units, which vest on March 26, 2021. Pursuant to the policies of Oaktree Capital Management L.P. ("OCM LP"), directors of the Issuer who are affiliated with the OCM hold these securities for the benefit of OCM FIE, LLC ("FIE"). OCM LP is the managing member of FIE. Oaktree Capital Management GP, LLC ("OCM GP") is the general partner of OCM LP. Atlas OCM Holdings, LLC ("Atlas") is the sole managing member of OCM GP.
Brookfield Asset Management Inc. ("BAM") is the indirect owner of the class A units of OCG and Atlas. Partners Limited is the sole owner of Class B Limited Voting Shares of BAM.
Information with respect to each Reporting Person is given solely by such Reporting Person, and no such Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
Each of the Reporting Persons expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of their respective pecuniary interests therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.
Each reporting person is filing this Form 4 pursuant to Rule 16a-3(j) under the Securities and Exchange Act of 1934, as amended.
On February 3, 2021, Ares Special Situations Fund IV, L.P. ("ASSF IV") and ASOF Holdings I, L.P. ("ASOF Holdings" and together with ASSF IV, the "Ares Parties"), IEA LLC and Preferred B Aggregator (collectively, the "Oaktree Parties") and Fund III, entered into a securities purchase agreement (the "Securities Purchase Agreement"), pursuant to which the Ares Parties agreed to purchase all of the Series A Preferred Stock, par value $0.0001 per share, Series B-1 Preferred Stock, par value $0.0001 per share, and Series B-3 Preferred Stock, par value $0.0001 per share, held by IEA LLC and Preferred B Aggregator for total aggregate consideration of approximately $66.0 million. The closing of the transactions under the Securities Purchase Agreement was conditional upon, among other things, the selling stockholder selling a minimum of $60,000,000 of common stock in an underwritten public offering, which was consummated on February 8, 2021.
On December 30, 2020, IEA LLC distributed 40,000 shares of common stock to Christopher Hanson, the Issuer's Executive Vice President of Wind Operations and a member of IEA LLC, as a pro rata in-kind distribution in respect of his membership interest in IEA LLC, who in turn donated these shares to the Dash Foundation Inc.