MCLAUGHLIN DOUGLAS W 4/A
4/A · US CONCRETE INC · Filed Apr 10, 2012
Insider Transaction Report
Form 4/AAmended
US CONCRETE INCUSCR
MCLAUGHLIN DOUGLAS W
VP - Precast Division
Transactions
- Exercise/Conversion
Restricted stock units
2012-04-01−1,042→ 6,255 total→ common stock (1,042 underlying) - Award
Common stock
2012-04-01+10,000→ 11,284 total - Exercise/Conversion
Common stock
2012-04-01+1,042→ 12,326 total - Tax Payment
Common stock
2012-04-01$4.66/sh−417$1,943→ 11,909 total
Footnotes (3)
- [F1]Represents restricted shares granted under the Company's Management Equity Incentive Plan, to vest as follows: (i) twenty percent (20%) of the total number of shares of the restricted shares will become vested in equal annual installments on each of the first three anniversaries of the Grant Date, and forty percent (40%) of the restricted shares granted shall time-and-performance-vest (the "Time-And-Performance Shares") with fifty percent (50%) of the Time-And-Performance Shares vesting should the share price of the Company's Common Stock attain a market-closing share price of $10.00 per share for ten (10) consecutive days within three (3) years from the date of grant and fifty percent (50%) of the Time-And-Performance Shares vesting should the share price of the Company's Common Stock attain a market-closing share price of $14.00 per share for ten (10) consecutive days within three years from the date of grant.
- [F2]Each restricted stock unit represents the right to receive without payment one share of common stock of the Company.
- [F3]The restricted stock units vest as to one-twelfth (1/12) of the shares subject thereto on each of the first twelve (12) quarterly anniversaries of October 1, 2010.