Charles Garner - Oct 7, 2022 Form 4 Insider Report for Infrastructure & Energy Alternatives, Inc. (IEA)

Role
Director
Signature
s/ Charles Hugh Farkas Garner
Stock symbol
IEA
Transactions as of
Oct 7, 2022
Transactions value $
$0
Form type
4
Date filed
10/7/2022, 07:00 PM
Previous filing
May 9, 2022
Next filing
Jul 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IEA Common Stock, par value $0.0001 per share Disposed to Issuer -129K -100% 0 Oct 7, 2022 Direct F1

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 IEA Warrants to purchase 1/2 shares of Common Stock Disposed to Issuer -20K -100% 0 Oct 7, 2022 Common Stock, par value $0.0001 per share 10K $5.75 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Charles Garner is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger by and among the issuer, MasTec, Inc. ("Parent"), and Indigo Acquisition I Corp., a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the issuer (the "Merger") on October 7, 2022 (the "Effective Time"), with the issuer continuing as the surviving corporation in the Merger and becoming a wholly owned subsidiary of Parent. In connection with the Merger, at the Effective Time, each share of Common Stock was canceled and converted into the right to receive (a) $10.50 in cash and (b) 0.0483 of a share of Parent common stock.
F2 Represents warrants subject to the Amended and Restated Warrant Agreement, dated as of March 26, 2018, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent (the "Warrant Agreement"). In connection with the Merger, as of the Effective Time, the warrants ceased to represent warrants exercisable for Common Stock of the issuer and became warrants exercisable for an aggregate of (i) $10,500 in cash and (ii) 483 shares of Parent common stock.