Kurt Matthew Cellar - 26 Aug 2021 Form 4 Insider Report for U.S. CONCRETE, INC. (USCR)

Role
Director
Signature
/s/ CiCi Sepehri, as Attorney-in-Fact for Kurt Matthew Cellar
Issuer symbol
USCR
Transactions as of
26 Aug 2021
Transactions value $
-$7,744,914
Form type
4
Filing time
30 Aug 2021, 16:54:06 UTC
Previous filing
17 May 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USCR Common stock Disposed to Issuer -$7.23M -97.7K -100% $74.00 0 26 Aug 2021 Direct F1, F2
transaction USCR Common stock Disposed to Issuer -$74K -1K -100% $74.00 0 26 Aug 2021 By Reporting Person as UTMA custodian for Grant Cellar F1
transaction USCR Common stock Disposed to Issuer -$74K -1K -100% $74.00 0 26 Aug 2021 By Reporting Person as UTMA custodian for Blake Cellar F1
transaction USCR Common stock Disposed to Issuer -$370K -5K -100% $74.00 0 26 Aug 2021 by Margaret Cellar 2010 Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kurt Matthew Cellar is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the Agreement and Plan of Merger, dated as of June 6, 2021, by and among U.S. Concrete, Inc. (the "Issuer"), Vulcan Materials Company, and Grizzly Merger Sub I, Inc. (the "Merger Agreement"), on August 26, 2021, each share of the Issuer's common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) and not otherwise excluded pursuant to the terms of the Merger Agreement, was converted into the right to receive $74.00 per share in cash (the "Merger Consideration"), without interest, as described in the Merger Agreement.
F2 2,010 of these securities represent shares of Common Stock underlying the Reporting Person's restricted stock unit ("RSU") awards subject to time-based vesting. Pursuant to the Merger Agreement, on August 26, 2021, unvested RSUs outstanding immediately prior to the Effective Time were canceled and converted into the right to receive the Merger Consideration.