0001073429-20-000038.txt : 20200303 0001073429-20-000038.hdr.sgml : 20200303 20200303195458 ACCESSION NUMBER: 0001073429-20-000038 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200301 FILED AS OF DATE: 20200303 DATE AS OF CHANGE: 20200303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dawson Gibson T CENTRAL INDEX KEY: 0001398662 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34530 FILM NUMBER: 20685160 MAIL ADDRESS: STREET 1: C/O U.S. CONCRETE, INC. STREET 2: 331 NORTH MAIN STREET CITY: EULESS STATE: TX ZIP: 76039 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: U.S. 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: US CONCRETE INC DATE OF NAME CHANGE: 19990323 FORMER COMPANY: FORMER CONFORMED NAME: RMX INDUSTRIES INC DATE OF NAME CHANGE: 19981113 4 1 wf-form4_158328328120221.xml FORM 4 X0306 4 2020-03-01 0 0001073429 U.S. CONCRETE, INC. USCR 0001398662 Dawson Gibson T C/O U.S. CONCRETE, INC. 331 N. MAIN ST. EULESS TX 76039 0 1 0 0 VP, Corporate Controller & CAO Common stock 2020-03-01 4 M 0 700 0 A 3784 D Common stock 2020-03-01 4 F 0 280 26.84 D 3504 D Restricted stock units 2020-03-01 4 M 0 700 0 D Common stock 700.0 2800 D Restricted stock unit 2020-03-01 4 A 0 6200 0 A Common stock 6200.0 6200 D 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 3 or 5 (as applicable), 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 vested on 5/16/2019 and the remaining half of which vested on 10/14/2019. The vesting reported herein represents the first of three Time-Based awards that vest over three years in equal, annual installments from the date of grant. The Performance-Based portion of the March 1, 2019 Restricted Stock Units would result in vesting into additional shares if the average of the daily volume weighted average share price (VWAP) over any period of 20 consecutive trading days attains (i) $54.10 per share (resulting in the vesting into an additional 700 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 700 shares) within the three-year period from the date of grant. The Restricted Stock Units were granted on March 1, 2020 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 shall vest on the day that the average of the daily VWAP of the Company's stock over any period of 20 consecutive trading days attains $43.23 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 VWAP of the Company's stock over any period of 20 consecutive trading days attains $47.01 per share within the three-year period beginning on the date of grant. The Performance-Based portion of the March 1, 2020 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) $51.00 per share (resulting in the vesting into an additional 1,240 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 1,240 shares) within the three-year period from the date of grant. /s/ CiCi S. Sepehri, as Attorney-in-Fact for Gibson T. Dawson 2020-03-03