VIKRANT BHATIA - 18 Mar 2022 Form 4 Insider Report for Forterra, Inc.

Role
Pres, Water Pipe & Products
Signature
/s/ Lori M. Browne, attorney-in-fact for Vikrant Bhatia
Issuer symbol
N/A
Transactions as of
18 Mar 2022
Net transactions value
-$6,454,080
Form type
4
Filing time
18 Mar 2022, 17:46:00 UTC
Previous filing
15 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRTA Common Stock Disposed to Issuer $6,454,080 -268,920 -100% $24.00 0 18 Mar 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FRTA Stock Option (Right to Buy) Disposed to Issuer $0 -34,384 -100% $0.000000* 0 18 Mar 2022 Common Stock 34,384 $8.92 Direct F2, F3
transaction FRTA Stock Option (Right to Buy) Disposed to Issuer $0 -32,967 -100% $0.000000* 0 18 Mar 2022 Common Stock 32,967 $9.16 Direct F2, F4
transaction FRTA Stock Option (Right to Buy) Disposed to Issuer $0 -55,891 -100% $0.000000* 0 18 Mar 2022 Common Stock 55,891 $7.29 Direct F2, F5
transaction FRTA Stock Option (Right to Buy) Disposed to Issuer $0 -40,618 -100% $0.000000* 0 18 Mar 2022 Common Stock 40,618 $4.24 Direct F2, F6
transaction FRTA Restricted Stock Unit Disposed to Issuer $0 -64,656 -100% $0.000000* 0 18 Mar 2022 Common Stock 64,656 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

VIKRANT BHATIA 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 Agreement and Plan of Merger, dated as of February 19, 2021 (the "Merger Agreement"), by and among Forterra, Inc., a Delaware corporation, (the "Company", Quikrete Holdings, Inc., a Delaware corporation ("Parent"), and Jordan Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation in the Merger and a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, par value $0.001 per share, of the Company ("Common Stock") was canceled and converted automatically into the right to receive $24.00 per share in cash, without interest and less any applicable tax withholdings.
F2 Pursuant to the Merger Agreement, each option to purchase shares of Common Stock immediately prior to the effective time of the Merger fully vested and converted into the right to receive, without interest and less any applicable tax withholdings, $24.00 in cash.
F3 Vested in equal installments on 8/7/2018, 8/7/2019, and 8/7/2020.
F4 Vested in equal installments on 12/12/2018, 12/12/2019, and 12/12/2020.
F5 Vested in equal installments on 3/1/2019, 3/1/2020, and 3/1/2021.
F6 Vested in equal installments on 3/14/2020, 3/14/2021, and 3/14/2022.
F7 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F8 Pursuant to the Merger Agreement, each restricted stock unit outstanding immediately prior to the consummation of the Merger was canceled and converted into the right to receive, without interest and less any applicable tax withholdings, $24.00 in cash.