Form Type: 4

SEC EDGAR Link
Accession Number:0001104659-21-123103
Date:2021-10-03
Issuer: INFRASTRUCTURE & ENERGY ALTERNATIVES, INC. (IEA)
Original Submission Date:

Reporting Person:

ARES MANAGEMENT LLC
2000 AVENUE OF THE STARS
12TH FLOOR LOS ANGELES, CA 90067

Reporting Person:

ARES MANAGEMENT CORP
2000 AVENUE OF THE STARS
12TH FLOOR LOS ANGELES, CA 90067

Reporting Person:

ARES VOTING LLC
2000 AVENUE OF THE STARS
12TH FLOOR LOS ANGELES, CA 90067

Reporting Person:

ARES MANAGEMENT GP LLC
2000 AVENUE OF THE STARS
12TH FLOOR LOS ANGELES, CA 90067

Reporting Person:

ARES PARTNERS HOLDCO LLC
2000 AVENUE OF THE STARS
12TH FLOOR LOS ANGELES, CA 90067

Reporting Person:

ARES MANAGEMENT HOLDINGS L.P.
2000 AVENUE OF THE STARS
12TH FLOOR LOS ANGELES, CA 90067

Reporting Person:

ARES HOLDCO LLC
2000 AVENUE OF THE STARS
12TH FLOOR LOS ANGELES, CA 90067

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, $0.0001 PAR VALUE PER SHARE 2021-10-03 M 3,420,236 a $0.00 11,554,630 f5 indirect
COMMON STOCK, $0.0001 PAR VALUE PER SHARE 2021-10-03 0 $0.00 3,686,645 f5 indirect
COMMON STOCK, $0.0001 PAR VALUE PER SHARE 2021-10-03 0 $0.00 46,039 f6 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
WARRANTS TO PURCHASE COMMON STOCK 0.0001 2021-10-03 deemed execution date M 3,420,267 (d) 2021-09-23 common stock, $0.0001 par value per share 3,420,236 $0.00 4,327,322 indirect by asof holdings i, l.p.
Footnotes
IDfootnote
f1 reflects the cashless exercise of non-voting pre-funded warrants (the "pre-funded warrants") held by asof holdings i, l.p. ("asof") into shares of the issuer's common stock.
f2 this statement is being filed jointly by (i) ares special situations fund iv, l.p. ("assf iv"), (ii) assf operating manager iv, l.p. ("assf operating manager iv"), (iii) asof, (iv) asof investment management llc ("asof investment management"), (v) ares management llc, (vi) ares management holdings l.p. ("ares management holdings"), (vii) ares holdco llc ("ares holdco"), (viii) ares management corporation ("ares management"), (ix) ares voting llc ("ares voting"), (x) ares management gp llc ("ares management gp") and (xi) ares partners holdco llc ("ares partners") (collectively, the "reporting persons"). this form 4 is being filed in two parts due to the number of reporting persons. both filings relate to the same transactions described above.
f3 the manager of assf iv is assf operating manager iv, and the general partner of assf operating manager iv is ares management llc. the manager of asof is asof investment management, and the sole member of asof investment management is ares management llc. the sole member of ares management llc is ares management holdings and the general partner of ares management holdings is ares holdco. the sole member of ares holdco is ares management. (continued in next footnote)
f4 ares management gp is the sole holder of the class b common stock, $0.01 par value per share, of ares management (the "ares class b common stock") and ares voting is the sole holder of the class c common stock, $0.01 par value per share, of ares management (the "ares class c common stock"). pursuant to ares management's certificate of incorporation in effect as of the date of this form 4, the holders of the ares class b common stock and the ares class c common stock, collectively, will generally have the majority of the votes on any matter submitted to the stockholders of ares management if certain conditions are met. the sole member of both ares management gp and ares voting is ares partners. (continued in next footnote)
f5 ares partners is managed by a board of managers, which is composed of michael j arougheti, ryan berry, r. kipp deveer, david b. kaplan, antony p. ressler and bennett rosenthal (collectively, the "board members"). mr. ressler generally has veto authority over board members' decisions. each of the reporting persons and the board members and the other directors, officers, partners, stockholders, members and managers of the reporting persons expressly disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein, and this form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of section 16 of the securities exchange act of 1934, as amended (the "exchange act"), or for any other purposes.
f6 this amount includes (i) 40,135 shares of common stock underlying restricted stock units ("rsus") granted to matthew underwood, in his capacity as a director serving on the issuer's board of directors (the "board"), which vested on march 26, 2021 and (ii) 5,904 shares of common stock underlying rsus granted to matthew underwood in his capacity as a director serving on the board that will vest on march 26, 2022, the one- year anniversary of the grant date. these rsus were granted directly to ares management llc, and are held by ares management llc as the direct holder of such rsus.
f7 the pre-funded warrants do not expire.
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