Sec Form 4 Filing - Melman Gil @ Infrastructure & Energy Alternatives, Inc. - 2020-05-14

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Melman Gil
2. Issuer Name and Ticker or Trading Symbol
Infrastructure & Energy Alternatives, Inc. [ IEA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
General Counsel
(Last) (First) (Middle)
C/O INFRASTRUCTURE AND ENERGY ALT., INC., 6325 DIGITAL WAY, SUITE 460
3. Date of Earliest Transaction (MM/DD/YY)
05/14/2020
(Street)
INDIANAPOLIS, IN46278
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 per share 05/14/2020 A 34,286 ( 1 ) A $ 0 125,082 ( 2 ) D
Common Stock, par value $0.0001 per share 05/15/2020 P 5,000 A $ 1.799 ( 3 ) 130,082 ( 4 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Melman Gil
C/O INFRASTRUCTURE AND ENERGY ALT., INC.
6325 DIGITAL WAY, SUITE 460
INDIANAPOLIS, IN46278
General Counsel
Signatures
/s/ Gil Melman 05/18/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents restricted stock units "RSUs" which will vest in three equal annual installments beginning on the first anniversary of March 26, 2020.
( 2 )In addition to the RSUs described in footnote 1, the Company also granted 51,429 performance-based RSUs that become subject to vesting based upon the Company's actual Adjusted EBITDA for 2020 relative to an Adjusted EBITDA goal. If a minimum Adjusted EBITDA target is not met, no RSUs will become subject to vesting. If the vesting thresholds are met, and depending upon the threshold, a minimum of 40%, and a maximum of 160%, of the RSUs subject to the award will become subject to vesting. After the number of RSUs that may become subject to vesting is determined, such number of RSUs will vest in three annual installments beginning on the first anniversary of March 26, 2020. These restricted stock units will not be included in the total of column 5 until vesting.
( 3 )The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.75 to $1.80, inclusive. The reporting person undertakes to provide Infrastructure and Energy Alternatives, Inc., any security holder of Infrastructure and Energy Alternatives, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
( 4 )Represents 11,510 shares of Common Stock, and 118,572 restricted stock units that are subject to forfeiture and vesting.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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