Jennings Craig 4
4 · Construction Partners, Inc. · Filed May 15, 2019
Insider Transaction Report
Form 4
Jennings Craig
Director10% Owner
Transactions
- Award
Class A Common Stock
2019-05-13$12.65/sh+38,192$483,129→ 38,192 total
Holdings
- 10,046,695(indirect: By SunTx CPI Expansion Fund, L.P.)
Class A Common Stock
- 3,235,516(indirect: By SunTx Fulcrum Dutch Investors Prime, L.P.)
Class A Common Stock
- 8,265,763(indirect: By SunTx CPI Expansion Fund, L.P.)
Class B Common Stock
→ Class A Common Stock (8,265,763 underlying) - 2,661,970(indirect: By SunTx Fulcrum Dutch Investors Prime, L.P.)
Class B Common Stock
→ Class A Common Stock (2,661,970 underlying) - 5,942,789(indirect: By SunTx Fulcrum Fund Prime, L.P.)
Class A Common Stock
- 4,889,339(indirect: By SunTx Fulcrum Fund Prime, L.P.)
Class B Common Stock
→ Class A Common Stock (4,889,339 underlying)
Footnotes (3)
- [F1]Represents restricted shares of Class A common stock, par value $0.001 ("Class A Common Stock") of Construction Partners, Inc. (the "Issuer") granted under the Construction Partners, Inc. 2018 Equity Incentive Plan that will vest as to two-thirds of the shares on January 1, 2021 and as to the remaining one-third of the shares on January 1, 2022.
- [F2]The reporting person is an executive officer of SunTx Capital Management Corp., the general partner of (i) SunTx CPI Expansion Fund GP, L.P., which in turn serves as general partner of SunTx CPI Expansion Fund, L.P., and (ii) SunTx Capital Partners L.P., which in turn serves as general partner of SunTx Fulcrum Fund Prime, L.P. and SunTx Fulcrum Dutch Investors Prime, L.P. The reporting person may be deemed to beneficially own these securities but disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F3]Each share of Class B common stock, par value $0.001 ("Class B Common Stock"), of the Issuer is convertible into one share of Class A Common Stock (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B Common Stock, all outstanding shares of Class B Common Stock will be converted into shares of Class A Common Stock. The holders of Class A Common Stock and Class B Common Stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A Common Stock are entitled to one vote per share, and the holders of the Class B Common Stock are entitled to 10 votes per share. The shares of Class B Common Stock do not expire.