John R. McPherson - Mar 18, 2022 Form 4 Insider Report for Forterra, Inc. (FRTA)

Role: Director
Signature: /s/ Lori M. Browne, attorney-in-fact for John McPherson
Stock symbol: FRTA
Transactions as of: Mar 18, 2022
Transactions value $: -$1,831,248
Form type: 4
Date filed: 3/18/2022, 05:51 PM
Previous filing: Mar 16, 2022
Next filing: Apr 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FRTA	Common Stock	Disposed to Issuer	-$1.83M	-76.3K	-100%	$24.00	0	Mar 18, 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	-2.81K	-100%	$0.00^*	0	Mar 18, 2022	Common Stock	2.81K	$18.00	Direct	F2, F3
transaction	FRTA	Stock Option (Right to Buy)	Disposed to Issuer	$0	-224K	-100%	$0.00^*	0	Mar 18, 2022	Common Stock	224K	$4.60	Direct	F2, F4
transaction	FRTA	Restricted Stock Unit	Disposed to Issuer	$0	-6.86K	-100%	$0.00^*	0	Mar 18, 2022	Common Stock	6.86K		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John R. McPherson 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	Stock Options vested on October 19, 2017.
F4	Stock Options vested equally in two installments on the 6/21/20 and 6/21/21.
F5	Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F6	Pursuant to the Merger Agreement, each restricted stock unit 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.