Infrastructure & Energy Alternatives, LLC

SEC source: 0000950142-21-001057 · es210140079_4-iea1.xml · nonDerivative · entry 1

Oaktree Capital Group, LLC · CIK 0001403528 · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 775,370

F1 · kind: On March 23, 2021, Infrastructure and Energy Alternatives, LLC ("IEA LLC") completed a distribution to its members, pro rata in accordance with such member's ownership interest in IEA LLC and the governing documents of IEA LLC, of 1,554,127 shares of Common Stock and warrants exercisable for 618,007 shares of Common Stock. As part of this distribution, Oaktree Power Opportunities Fund III Delaware, L.P. ("Fund III") became the direct beneficial owner of (i) 384,280 shares of Common Stock and (ii) warrants exercisable for 481,181 shares of Common Stock.

F1 · price: On March 23, 2021, Infrastructure and Energy Alternatives, LLC ("IEA LLC") completed a distribution to its members, pro rata in accordance with such member's ownership interest in IEA LLC and the governing documents of IEA LLC, of 1,554,127 shares of Common Stock and warrants exercisable for 618,007 shares of Common Stock. As part of this distribution, Oaktree Power Opportunities Fund III Delaware, L.P. ("Fund III") became the direct beneficial owner of (i) 384,280 shares of Common Stock and (ii) warrants exercisable for 481,181 shares of Common Stock.

F8 · balance_after: These securities remain subject to a lock-up agreement entered into between the Reporting Person and the representative of the underwriters for the public offering of the Issuer's common stock by Infrastructure and Energy Alternatives, LLC, which was completed in February 2021.

F2 · ownership.nature: Represents shares held of record by IEA LLC. Fund III is the controlling equity holder of IEA LLC. 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").

F4 · ownership.nature: 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.

F5 · ownership.nature: 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.

F6 · ownership.nature: 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.

F7 · ownership.nature: Each reporting person is filing this Form 4 pursuant to Rule 16a-3(j) under the Securities and Exchange Act of 1934, as amended.

SEC source: 0000950142-21-000473 · es210127127_4-iea1.xml · nonDerivative · entry 5

Oaktree Capital Group, LLC · CIK 0001403528 · Director · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

F9 · shares: 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.

F2 · ownership.nature: 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").

F3 · ownership.nature: 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").

F5 · ownership.nature: 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.

F6 · ownership.nature: 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.

F7 · ownership.nature: 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.

F8 · ownership.nature: Each reporting person is filing this Form 4 pursuant to Rule 16a-3(j) under the Securities and Exchange Act of 1934, as amended.

F9 · ownership.nature: 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.

SEC source: 0000950142-21-000473 · es210127127_4-iea1.xml · nonDerivative · entry 4

Oaktree Capital Group, LLC · CIK 0001403528 · Director · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

F9 · shares: 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.

F2 · ownership.nature: 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").

F3 · ownership.nature: 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").

F5 · ownership.nature: 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.

F6 · ownership.nature: 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.

F7 · ownership.nature: 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.

F8 · ownership.nature: Each reporting person is filing this Form 4 pursuant to Rule 16a-3(j) under the Securities and Exchange Act of 1934, as amended.

F9 · ownership.nature: 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.

SEC source: 0000950142-21-000473 · es210127127_4-iea1.xml · nonDerivative · entry 3

Oaktree Capital Group, LLC · CIK 0001403528 · Director · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

F9 · shares: 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.

F2 · ownership.nature: 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").

F3 · ownership.nature: 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").

F5 · ownership.nature: 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.

F6 · ownership.nature: 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.

F7 · ownership.nature: 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.

F8 · ownership.nature: Each reporting person is filing this Form 4 pursuant to Rule 16a-3(j) under the Securities and Exchange Act of 1934, as amended.

F9 · ownership.nature: 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.

SEC source: 0000950142-21-000473 · es210127127_4-iea1.xml · nonDerivative · entry 1

Oaktree Capital Group, LLC · CIK 0001403528 · Director · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 1,945,217

F1 · ownership.nature: Represents shares held of record by Infrastructure and Energy Alternatives, LLC ("IEA LLC").

F3 · ownership.nature: 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").

F5 · ownership.nature: 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.

F6 · ownership.nature: 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.

F7 · ownership.nature: 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.

F8 · ownership.nature: Each reporting person is filing this Form 4 pursuant to Rule 16a-3(j) under the Securities and Exchange Act of 1934, as amended.

F10 · ownership.nature: 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.

SEC source: 0000950142-20-002913 · es200122102_4-iea1.xml · nonDerivative · entry 1

Oaktree Capital Group, LLC · CIK 0001403528 · Director · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Infrastructure and Energy Alt., Inc.

Disclosed balance after: 10,838,500

F1 · shares: Pursuant to the (i) Waiver, Consent and Agreement to Forfeit Founder Shares, dated as of March 20, 2018, by and among Infrastructure and Energy Alternatives, Inc. (the ?Issuer?) and Infrastructure and Energy Alternatives, LLC (?IEA LLC?), among others, (ii) Founder Shares Amendment Agreement, dated as of March 26, 2018, by and among the Issuer and IEA LLC, among others, and (iii) Amended and Restated Founder Shares Amendment Agreement, dated as of June 6, 2018, by and among the Issuer and IEA LLC, among others (collectively, the ?Founder Forfeiture Agreements?), the Issuer issued 525,000 shares of common stock to IEA LLC on December 23, 2020.?

F2 · shares: Of the 525,000 shares issued to IEA LLC, 185,063 shares are subject to vesting, and will irrevocably vest on the first day upon which the closing sale price of the Issuer?s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, dividends, reorganizations, recapitalizations and the like) for any twenty (20) trading day period in a consecutive thirty (30) day trading period. The shares will be subject to forfeiture if they do not vest by November 3, 2027.

F3 · shares: Of the 525,000 shares issued to IEA LLC, 185,062 shares are subject to vesting, and will irrevocably vest on the first day upon which the closing sale price of the Issuer?s common stock equals or exceeds $14.00 per share (as adjusted for stock splits, dividends, reorganizations, recapitalizations and the like) for any twenty (20) trading day period in a consecutive thirty (30) day trading period. The shares will be subject to forfeiture if they do not vest by November 3, 2027.

F4 · ownership.nature: Represents shares held of record by IEA LLC. Oaktree Power Opportunities Fund III Delaware, L.P. ("Fund III") is the controlling equity holder of IEA LLC. 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").

F5 · ownership.nature: 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 Holdings, Inc, ("Holdings") is the general partner of OCM LP. OCG is the sole shareholder of Holdings.

F6 · ownership.nature: Brookfield Asset Management Inc. ("BAM") is the indirect owner of the class A units of OCG and (xiii) Partners Limited, is the sole owner of Class B Limited Voting Shares of BAM.

F7 · ownership.nature: 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.

F8 · ownership.nature: 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.

F9 · ownership.nature: Each reporting person is filing this Form 4 pursuant to Rule 16a-3(j) under the Securities and Exchange Act of 1934, as amended.

F10 · ownership.nature: Peter Jonna, Senior Vice President of OCM L.P., is a director of the Issuer, and the Reporting Persons may be deemed directors by deputization of the Issuer.

SEC source: 0000899243-19-027551 · doc4.xml · derivative · entry 3

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

Oaktree Capital Group, LLC · CIK 0001403528 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 657,383

Underlying: Common Stock · 657,383 shares

Expires not disclosed

F1 · security: Pursuant to the Exchange Agreement, dated as of October 29, 2019, on November 14, 2019, Infrastructure & Energy Alternatives, Inc. (the "Company") issued 19,123.87 shares of Series B-3 Preferred Stock and 657,383 warrants to Infrastructure & Energy Alternatives, LLC ("Oaktree LLC") in exchange for 50% of the outstanding Series A Preferred Stock then held by Oaktree LLC.

F1 · price: Pursuant to the Exchange Agreement, dated as of October 29, 2019, on November 14, 2019, Infrastructure & Energy Alternatives, Inc. (the "Company") issued 19,123.87 shares of Series B-3 Preferred Stock and 657,383 warrants to Infrastructure & Energy Alternatives, LLC ("Oaktree LLC") in exchange for 50% of the outstanding Series A Preferred Stock then held by Oaktree LLC.

F10 · derivative.exercise_date: Warrants are currently exercisable and have no expiration date.

F10 · derivative.expiration_date: Warrants are currently exercisable and have no expiration date.

F4 · ownership.direct: The controlling equityholder of Seller is Oaktree Power Opportunities Fund III Delaware, L.P. The general partner of Oaktree Power Opportunities Fund III Delaware, L.P. 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 (collectively, the "Reporting Persons"). Oaktree Capital Group, LLC is managed by its ten-member board of directors. (cont'd in FN 5)

F5 · ownership.direct: (cont'd in FN 4) 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.

F6 · ownership.direct: 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.

F7 · ownership.direct: The reporting persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.

F11 · ownership.direct: As a result of Messrs. Ian Shapiro's and Peter Jonna's positions as Managing Director and Senior Vice President, respectively, of Oaktree Capital Management, L.P, an affiliate of Oaktree Capital Group, LLC, and directors of the Company, the Reporting Persons may be deemed directors by deputization.

SEC source: 0000899243-19-027551 · doc4.xml · nonDerivative · entry 2

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

Oaktree Capital Group, LLC · CIK 0001403528 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,123.87

F8 · security: In connection with the closing of the transactions contemplated by the Equity Commitment Agreement, dated as of October 29, 2019 (the "Equity Commitment Agreement"), the Company created a new series of its preferred stock designated as the Series B-3 Preferred Stock. Pursuant to the terms of the certificate of designations of the Series B-3 Preferred Stock, if both (i) the holders of the Company's capital stock entitled to vote have approved the issuance of common stock upon conversion of the Series B-3 Preferred Stock in compliance with the NASDAQ rules and (ii) at least 60 days have elapsed following the Mandatory Redemption Date without redemption thereof, a majority of the holders of the Series B Preferred Stock can elect to convert the Series B-3 Preferred Stock into shares of the Company's common stock (the "Series B Conversion").

F9 · security: (Continued from Footnote 8) The conversion rate for the Series B Conversion will be based on the VWAP per share of the Company's common stock for the 30 consecutive trading days ending on the trading day immediately prior to the conversion date; provided that for so long as the Company is subject to the rules of NASDAQ, the conversion rate will equal the greater of the VWAP per share of the Company's common stock for the 30 consecutive trading days ending on the trading day immediately prior to the Conversion Date and $0.28. In connection with the closing of the transactions contemplated by the Equity Commitment Agreement, the previously existing Series B Preferred Stock was redesignated Series B-1 Preferred Stock.

F1 · price: Pursuant to the Exchange Agreement, dated as of October 29, 2019, on November 14, 2019, Infrastructure & Energy Alternatives, Inc. (the "Company") issued 19,123.87 shares of Series B-3 Preferred Stock and 657,383 warrants to Infrastructure & Energy Alternatives, LLC ("Oaktree LLC") in exchange for 50% of the outstanding Series A Preferred Stock then held by Oaktree LLC.

F4 · ownership.direct: The controlling equityholder of Seller is Oaktree Power Opportunities Fund III Delaware, L.P. The general partner of Oaktree Power Opportunities Fund III Delaware, L.P. 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 (collectively, the "Reporting Persons"). Oaktree Capital Group, LLC is managed by its ten-member board of directors. (cont'd in FN 5)

F5 · ownership.direct: (cont'd in FN 4) 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.

F6 · ownership.direct: 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.

F7 · ownership.direct: The reporting persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.

F11 · ownership.direct: As a result of Messrs. Ian Shapiro's and Peter Jonna's positions as Managing Director and Senior Vice President, respectively, of Oaktree Capital Management, L.P, an affiliate of Oaktree Capital Group, LLC, and directors of the Company, the Reporting Persons may be deemed directors by deputization.

SEC source: 0000899243-19-027551 · doc4.xml · nonDerivative · entry 1

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · Director · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · Director · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Director · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Director · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Director · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Director · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Director · 10% owner

Oaktree Capital Group, LLC · CIK 0001403528 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,482.5

F1 · shares: Pursuant to the Exchange Agreement, dated as of October 29, 2019, on November 14, 2019, Infrastructure & Energy Alternatives, Inc. (the "Company") issued 19,123.87 shares of Series B-3 Preferred Stock and 657,383 warrants to Infrastructure & Energy Alternatives, LLC ("Oaktree LLC") in exchange for 50% of the outstanding Series A Preferred Stock then held by Oaktree LLC.

F1 · price: Pursuant to the Exchange Agreement, dated as of October 29, 2019, on November 14, 2019, Infrastructure & Energy Alternatives, Inc. (the "Company") issued 19,123.87 shares of Series B-3 Preferred Stock and 657,383 warrants to Infrastructure & Energy Alternatives, LLC ("Oaktree LLC") in exchange for 50% of the outstanding Series A Preferred Stock then held by Oaktree LLC.

F2 · balance_after: Holders of Series A Preferred Stock may elect to cause the Company to convert the Series A Preferred Stock into Common Stock without the payment of additional consideration by such holder (i) at any time on or after March 26, 2021, (ii) at any time the terms of the Series B Preferred Stock or the Company's existing senior credit agreement would prohibit the payment of cash dividends, (iii) at any time shares of Series B Preferred Stock are outstanding or (iv) at any time on or after the non-payment of dividends when due, failure to redeem shares of Series A Preferred Stock when required or any other material default until such non-payment, failure or default is cured by the Company.

F3 · balance_after: (Continued from Footnote 2) The number of shares of common stock into which the Series A Preferred Stock is convertible is determined by dividing (i) the stated value by (ii) the volume-weighted average price per share ("VWAP") of common stock for the 30 consecutive trading days ending on the trading day immediately preceding the conversion date. In the event the Series A Preferred Stock is converted following an uncured non-payment, failure or default event, or if a holder of Series A Preferred Stock is converting pursuant to clause (ii) or (iii) in the preceding sentence, for purposes of the foregoing calculation, VWAP per share will be multiplied by 90%.

F4 · ownership.direct: The controlling equityholder of Seller is Oaktree Power Opportunities Fund III Delaware, L.P. The general partner of Oaktree Power Opportunities Fund III Delaware, L.P. 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 (collectively, the "Reporting Persons"). Oaktree Capital Group, LLC is managed by its ten-member board of directors. (cont'd in FN 5)

F5 · ownership.direct: (cont'd in FN 4) 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.

F6 · ownership.direct: 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.

F7 · ownership.direct: The reporting persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.

F11 · ownership.direct: As a result of Messrs. Ian Shapiro's and Peter Jonna's positions as Managing Director and Senior Vice President, respectively, of Oaktree Capital Management, L.P, an affiliate of Oaktree Capital Group, LLC, and directors of the Company, the Reporting Persons may be deemed directors by deputization.

SEC source: 0001104659-18-038976 · a4.xml · nonDerivative · entry 1

Infrastructure & Energy Alternatives, LLC · CIK 0001732815 · 10% owner

OAKTREE POWER OPPORTUNITIES FUND III DELAWARE, L.P. · CIK 0001732445 · 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · 10% owner

Oaktree Capital Group, LLC · CIK 0001403528 · 10% owner

Oaktree Capital Group Holdings GP, LLC · CIK 0001403525 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,327,000

F1 · shares: Pro rata distribution of shares for no consideration to members of the Reporting Person.

F2 · ownership.direct: The controlling equityholder of Seller is Oaktree Power Opportunities Fund III Delaware, L.P. The general partner of Oaktree Power Opportunities Fund III Delaware, L.P. 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. The duly appointed manager of Oaktree Capital Group, LLC is Oaktree Capital Group Holdings GP, LLC (collectively, the "Reporting Persons"). (cont'd in FN 5)

F3 · ownership.direct: (cont'd in FN 4) 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.

F4 · ownership.direct: Oaktree Capital Group Holdings GP, LLC is managed by an executive committee consisting of Howard S. Marks, Bruce A. Karsh, Sheldon M. Stone, John B. Frank and Jay S. Wintrob (the "OCGH GP Members"). Each OCGH GP Member expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of his respective pecuniary interests therein, and the filing of this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any equity securities covered by this Form 4.

F5 · ownership.direct: The reporting persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.