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Filing Details

Accession Number:: 0001073429-21-000109
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-15 18:57:54
Reporting Period:: 2021-03-11

Accepted Time:: 2021-03-15 18:57:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1073429	U.s. Concrete Inc.	USCR	Concrete Products, Except Block & Brick (3272)	760586680

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1436686	W Jeffrey Roberts	C/O U.s. Concrete, Inc. 331 N. Main St. Euless TX 76039	Regional Vp & Gm - Central	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-03-11	1,340	$0.00	23,618	No	4	M	Direct
Common Stock	Disposition	2021-03-11	475	$67.40	23,143	No	4	F	Direct
Common Stock	Acquisiton	2021-03-12	2,080	$0.00	25,223	No	4	M	Direct
Common Stock	Disposition	2021-03-12	819	$66.78	24,404	No	4	F	Direct
Common Stock	Disposition	2021-03-12	4,000	$67.08	20,404	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted stock units	Disposition	2021-03-11	1,340	$0.00	1,340	$0.00
Common Stock	Restricted stock units	Disposition	2021-03-12	2,080	$0.00	2,080	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,680			No	4	M	Direct
4,160			No	4	M	Direct

Footnotes

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.