0001073429-19-000202.txt : 20191016 0001073429-19-000202.hdr.sgml : 20191016 20191016190653 ACCESSION NUMBER: 0001073429-19-000202 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191014 FILED AS OF DATE: 20191016 DATE AS OF CHANGE: 20191016 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Peabody Mark Baker CENTRAL INDEX KEY: 0001553058 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34530 FILM NUMBER: 191153641 MAIL ADDRESS: STREET 1: 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_157126718375191.xml FORM 4 X0306 4 2019-10-14 0 0001073429 US CONCRETE INC USCR 0001553058 Peabody Mark Baker C/O US CONCRETE, INC. 331 N. MAIN ST. EULESS TX 76039 0 1 0 0 VP - Human Resources Common stock 2019-10-14 4 M 0 1400 0 A 29418 D Common stock 2019-10-14 4 F 0 341 48.40 D 29077 D Restricted stock units 2019-10-14 4 M 0 1400 0 D Common stock 1400.0 7000 D The second Performance-Based target of a 20-day consecutive trading-day threshold of $49.90 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 previously vested on the day that the average of the daily volume-weighted average share price of the Company's stock over 20 consecutive trading days attained $45.90 per share and the remaining half of which vested on October 14, 2019 when the average of the daily volume-weighted average share price of the Company's stock over a period of 20 consecutive trading days attained $49.90 per share. The Performance-Based portion of the Restricted Stock Units would result in vesting into additional shares (effectively making each performance-based RSU represent two 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 1,400 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 1,400 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 Sepehri, as Attorney-in-Fact for Mark Baker Peabody 2019-10-16