0001073429-19-000133.txt : 20190520
0001073429-19-000133.hdr.sgml : 20190520
20190520202106
ACCESSION NUMBER: 0001073429-19-000133
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190516
FILED AS OF DATE: 20190520
DATE AS OF CHANGE: 20190520
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pruitt Ronnie A
CENTRAL INDEX KEY: 0001432991
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34530
FILM NUMBER: 19840564
MAIL ADDRESS:
STREET 1: C/O U.S. CONCRETE, INC.
STREET 2: 331 N. MAIN STREET
CITY: EULESS
STATE: TX
ZIP: 76039
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: US CONCRETE INC
CENTRAL INDEX KEY: 0001073429
STANDARD INDUSTRIAL CLASSIFICATION: CONCRETE PRODUCTS, EXCEPT BLOCK & BRICK [3272]
IRS NUMBER: 760586680
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 331 N. MAIN STREET
CITY: EULESS
STATE: TX
ZIP: 76039
BUSINESS PHONE: 817-835-4105
MAIL ADDRESS:
STREET 1: 331 N. MAIN STREET
CITY: EULESS
STATE: TX
ZIP: 76039
FORMER COMPANY:
FORMER CONFORMED NAME: RMX INDUSTRIES INC
DATE OF NAME CHANGE: 19981113
4
1
wf-form4_155839805073530.xml
FORM 4
X0306
4
2019-05-16
0
0001073429
US CONCRETE INC
USCR
0001432991
Pruitt Ronnie A
331 N. MAIN STREET
EULESS
TX
76039
0
1
0
0
President & COO
Common stock
2019-05-16
4
M
0
3740
0
A
27344
D
Common stock
2019-05-16
4
F
0
1471
48.75
D
25873
D
Restricted stock units
2019-05-16
4
M
0
3740
0
D
Common stock
3740.0
18700
D
The first Performance-Based target of a 20-day consecutive trading-day threshold of $45.90 was achieved.
Each 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, or, as set forth in footnote 4, two shares of common stock in the aggregate.
The Restricted Stock Units were granted on March 1, 2019 and will vest as follows: (i) 60% of the total number of the awarded shares 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 shares are Performance-Based, half (or 50%) of which already vested 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 attained $45.90 per share, 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.
The Performance-Based portion of the Restricted Stock Units would result in vesting into additional shares if the average of the daily VWAP over any period of 20 consecutive trading days attains (i) 54.10 per share (resulting in the vesting into an additional 3,740 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 3,740 shares) within the three-year period from the date of grant.
The Restricted Stock Units are reported as still existing after vesting because they could, as set forth in footnote 4 above, result in vesting into additional shares.
/s/ CiCi S. Sepehri, as Attorney-in-Fact for Ronnie Pruitt
2019-05-20