SEC Form 4 · accession 0001073429-15-000053
US CONCRETE INC · USCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wallace H Johnson
Officer — VP - Marketing & Sales
Period of report
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001073429
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | Apr 1, 2015 | F | 530 | $34.20 | D | 27,190 | D | |
| Common stock | Apr 1, 2015 | F | 212 | $34.20 | D | 26,978 | D | |
| Common stock | Apr 1, 2015 | F | 212 | $34.20 | D | 26,766 | D | |
| Common stockF1 | Apr 1, 2015 | A | 3,500 | $0.00 | A | 30,266 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted shares granted under the Company's Long Term Incentive Plan, to vest as follows:(i) 60% of the total number of the awarded shares are Time-Based Restricted Stock that will become vested over three years in equal annual installments from the date of grant, and (ii) 40% of the awarded shares are Performance-Based Restricted Stock, half of which shall vest on the day that the average of the daily volume-weighted average share price of the Company's Stock over any period of 20 consecutive trading days attains $43 per share within the three-year period beginning on the date of grant, and the remaining half of which shall vest on the day that the average of the daily volume-weighted average share price of the Company's Stock over any period of 20 consecutive trading days attains $48 per share within the three-year period beginning on the date of grant.