0001073429-21-000012.txt : 20210119 0001073429-21-000012.hdr.sgml : 20210119 20210119185331 ACCESSION NUMBER: 0001073429-21-000012 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210114 FILED AS OF DATE: 20210119 DATE AS OF CHANGE: 20210119 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kunz John E CENTRAL INDEX KEY: 0001525580 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34530 FILM NUMBER: 21536903 MAIL ADDRESS: STREET 1: 331 N. MAIN STREET 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_161110039526677.xml FORM 4 X0306 4 2021-01-14 0 0001073429 U.S. CONCRETE, INC. USCR 0001525580 Kunz John E 331 N. MAIN STREET EULESS TX 76039 0 1 0 0 SVP & Chief Financial Officer Common stock 2021-01-14 4 M 0 4620 0 A 19661 D Common stock 2021-01-14 4 F 0 1240 53.19 D 18421 D Restricted stock unit 2021-01-14 4 M 0 4620 0 D Common stock 4620.0 23100 D The March 1, 2020 stock award's first performance-based target of a 20-day consecutive trading-day threshold of $43.23 per share was achieved. 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. 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 shall vest on the day that the average of the daily VWAP of the Company's stock over any period of 20 consecutive trading days attains $43.23 per share within the three-year period beginning on the date of grant, and the remaining half of which shall vest on the day that the average of the daily VWAP of the Company's stock over any period of 20 consecutive trading days attains $47.01 per share within the three-year period beginning on the date of grant. 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 over any period of 20 consecutive trading days attains (i) $51.00 per share (resulting in the vesting into an additional 4,620 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 4,620 shares) within the three-year period from the date of grant. The Restricted Stock Units are reported as still existing after vesting because they could, as set forth in footnote 4 above, result in vesting into additional shares. /s/ CiCi Sepehri, as Attorney-in-Fact for John E. Kunz 2021-01-19