SEC Form 4 · accession 0001073429-16-000311
US CONCRETE INC · USCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Niel L Poulsen
Officer — EVP - Southeast Division
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 7:09 pm EST
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 | Mar 1, 2016 | A | 5,100 | $0.00 | A | 40,900 | 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 $64 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 $71.25 per share within the three-year period beginning on the date of grant.