0001073429-20-000045.txt : 20200303
0001073429-20-000045.hdr.sgml : 20200303
20200303202259
ACCESSION NUMBER: 0001073429-20-000045
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: Peabody Mark Baker
CENTRAL INDEX KEY: 0001553058
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34530
FILM NUMBER: 20685263
MAIL ADDRESS:
STREET 1: 331 N. 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_158328496036108.xml
FORM 4
X0306
4
2020-03-01
0
0001073429
U.S. 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
2020-03-01
4
M
0
1400
0
A
30477
D
Common stock
2020-03-01
4
F
0
927
26.84
D
29550
D
Common stock
2020-03-01
4
D
0
1760
0
D
27790
D
Restricted stock units
2020-03-01
4
M
0
1400
0
D
Common stock
1400.0
5600
D
Restricted stock unit
2020-03-01
4
A
0
12400
0
A
Common stock
12400.0
12400
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 1,400 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 1,4000 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 2,480 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 2,480 shares) within the three-year period from the date of grant.
/s/ CiCi Sepehri, as Attorney-in-Fact for Mark Baker Peabody
2020-03-03