4//SEC Filing
DRYDEN SCOTT 4
Accession 0001073429-19-000136
CIK 0001073429other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 8:29 PM ET
Size
10.1 KB
Accession
0001073429-19-000136
Insider Transaction Report
Form 4
US CONCRETE INCUSCR
DRYDEN SCOTT
VP & GM - Polaris Materials
Transactions
- Exercise/Conversion
Restricted stock units
2019-05-16−760→ 5,640 total→ Common stock (760 underlying) - Exercise/Conversion
Common stock
2019-05-16+760→ 989 total - Tax Payment
Common stock
2019-05-16$48.75/sh−379$18,476→ 610 total
Footnotes (5)
- [F1]The first performance-based target of a 20-day consecutive trading-day threshold of $45.90 was achieved.
- [F2]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 4, two shares of common stock in the aggregate.
- [F3]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 already vested on the day that the average of the daily volume-weighted average share price of the Company's stock over any period of 20 consecutive trading days attained $45.90 per share, and the remaining half of which shall vest on the day that the average of the daily volume-weighted average share price of the Company's stock over any period of 20 consecutive trading days attains $49.90 per share within the three-year period beginning on the date of grant.
- [F4]The Performance-Based portion of the 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) $54.10 per share (resulting in the vesting into an additional 760 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 760 shares) within the three-year period from the date of grant.
- [F5]The Restricted Stock Units are reported as still existing after exercise because they could, as set forth in footnote 4 above, result in vesting into additional shares.
Documents
Issuer
US CONCRETE INC
CIK 0001073429
Entity typeother
Related Parties
1- filerCIK 0001741464
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 8:29 PM ET
- Size
- 10.1 KB