SEC Form 4 · accession 0001073429-19-000038
US CONCRETE INC · USCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Dryden
Officer — VP & GM - Polaris Materials
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 7:40 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 stockF1 | Mar 1, 2019 | M | 460 | $0.00 | A | 460 | D | |
| Common stock | Mar 1, 2019 | F | 231 | $40.86 | D | 229 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted stock unitsF1,F2 | — | Mar 1, 2019 | M | 460 | D | — | — | Common stock | 460 | 1,840 | D |
Explanation of responses
- F1Each Restricted Stock Unit was granted from the U.S. Concrete, Inc. Long Term Incentive Plan and represents the right to receive one share of common stock upon vesting.
- F2The Restricted Stock Units were granted on March 1, 2018 and will vest as follows: (i) 60% of the total number of the awarded units are Time-Based and will become vested over three years in equal annual installments from the date of grant, and (ii) the remaining 40% of the awarded units are Performance-Based, half (or 50%) 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 $45.90 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 $49.90 per share within the three-year period beginning on the date of grant.