0001073429-21-000067.txt : 20210303
0001073429-21-000067.hdr.sgml : 20210303
20210303184748
ACCESSION NUMBER: 0001073429-21-000067
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210301
FILED AS OF DATE: 20210303
DATE AS OF CHANGE: 20210303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lesley Philip Daren
CENTRAL INDEX KEY: 0001812637
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34530
FILM NUMBER: 21711375
MAIL ADDRESS:
STREET 1: 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_161481524988577.xml
FORM 4
X0306
4
2021-03-01
0
0001073429
U.S. CONCRETE, INC.
USCR
0001812637
Lesley Philip Daren
331 N. MAIN STREET
EULESS
TX
76039
0
1
0
0
VP - USC Aggregates
Common stock
2021-03-01
4
M
0
660
0
A
8529
D
Common stock
2021-03-01
4
M
0
1380
0
A
9909
D
Common stock
2021-03-01
4
F
0
557
55.15
D
9352
D
Common stock
2021-03-01
4
D
0
480
0
D
8872
D
Restricted stock units
2021-03-01
4
M
0
660
0
D
Common stock
660.0
1980
D
Restricted stock units
2021-03-01
4
M
0
1380
0
D
Common stock
1380.0
5520
D
Restricted stock units
2021-03-01
4
A
0
9590
0
A
Common stock
9590.0
9590
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, 5 or 7 (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 second 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 (effectively making each Performance-Based RSU represent two shares) if the average of the daily volume weighted average share price (VWAP) of the Company's stock over any period of 20 consecutive trading days attains (i) $54.10 per share (resulting in the vesting into an additional 660 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 660 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 vested on 1/14/2021 and the remaining half of which vested on 1/27/2021. 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, 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 of the Company's stock over any period of 20 consecutive trading days attains (i) $51.00 per share (resulting in the vesting into an additional 1,380 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 1,380 shares) within the three-year period from the date of grant.
The Restricted Stock Units were granted on March 1, 2021 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 $58.69 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 $63.82 per share within the three-year period beginning on the date of grant.
The Performance-Based portion of the March 1, 2021 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 of the Company's stock over any period of 20 consecutive trading days attains (i) $69.23 per share (resulting in the vesting into an additional 1,918 shares) and (ii) $74.95 per share (resulting in the vesting into a further additional 1,918 shares) within the three-year period from the date of grant.
/s/ CiCi Sepehri, as Attorney-in-Fact for Philip Daren Lesley
2021-03-03