Terence R. Montgomery - 07 Oct 2022 Form 4 Insider Report for Infrastructure & Energy Alternatives, Inc.

Role
Director
Signature
/s/ Terence R. Montgomery
Issuer symbol
N/A
Transactions as of
07 Oct 2022
Net transactions value
$0
Form type
4
Filing time
07 Oct 2022, 19:07:47 UTC
Previous filing
21 Sep 2022
SEC
View on sec.gov

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 Other +4 +0.01% 66,652 07 Oct 2022 Direct F1
transaction IEA Common Stock, par value $0.0001 per share Disposed to Issuer -66,652 -100% 0 07 Oct 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Terence R. Montgomery is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On October 7, 2022, the Company issued shares of Common Stock related to Anti-dilution Warrants for Series B Preferred Stock.
F2 Reflects disposition of 57,401 shares of Common Stock and 9,251 restricted stock units ("RSUs").
F3 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 and each RSU 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.