0001073429-21-000109.txt : 20210315
0001073429-21-000109.hdr.sgml : 20210315
20210315185754
ACCESSION NUMBER: 0001073429-21-000109
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210311
FILED AS OF DATE: 20210315
DATE AS OF CHANGE: 20210315
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ROBERTS JEFFREY W
CENTRAL INDEX KEY: 0001436686
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34530
FILM NUMBER: 21743019
MAIL ADDRESS:
STREET 1: 331 N. MAIN ST.
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_161584903883614.xml
FORM 4
X0306
4
2021-03-11
0
0001073429
U.S. CONCRETE, INC.
USCR
0001436686
ROBERTS JEFFREY W
C/O U.S. CONCRETE, INC.
331 N. MAIN ST.
EULESS
TX
76039
0
1
0
0
Regional VP & GM - Central
Common stock
2021-03-11
4
M
0
1340
0
A
23618
D
Common stock
2021-03-11
4
F
0
475
67.40
D
23143
D
Common stock
2021-03-12
4
M
0
2080
0
A
25223
D
Common stock
2021-03-12
4
F
0
819
66.78
D
24404
D
Common stock
2021-03-12
4
S
0
4000
67.08
D
20404
D
Restricted stock units
2021-03-11
4
M
0
1340
0
D
Common stock
1340.0
2680
D
Restricted stock units
2021-03-12
4
M
0
2080
0
D
Common stock
2080.0
4160
D
The March 1, 2019 stock award's third performance-based target of a 20-day consecutive trading day threshold of $54.10 per share, as set forth in footnote 6, was achieved.
The March 1, 2020 stock award's fourth performance-based target of a 20-day consecutive trading day threshold of $55.21 per share, as set forth in footnote 8, was achieved.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on March 12, 2021 at prices ranging from $67.00 to $67.47, inclusive. The reporting person undertakes to provide to U.S. Concrete, Inc., any security holder of U.S. Concrete, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3).
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 6 or 8 (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 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 1,340 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 1,340 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 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 2,080 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 2,080 shares) within the three-year period from the date of grant.
/s/ CiCi Sepehri, as Attorney-in-Fact for Jeffrey W. Roberts
2021-03-15