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Filing Details

Accession Number:: 0000899243-20-016492
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-06-15 16:06:11
Reporting Period:: 2020-06-11

Accepted Time:: 2020-06-15 16:06:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1718227	Construction Partners Inc.	ROAD	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1208091	P L Partners Capital Suntx	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1410954	Suntx Cpi Expansion Fund Lp	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1702326	Suntx Fulcrum Fund Prime, L.p.	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1707712	Iii N Ned Fleming	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1711005	Suntx Fulcrum Dutch Investors Prime, L.p.	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1739134	R Mark Matteson	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1739383	Craig Jennings	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1739424	Suntx Capital Management Corp.	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1739437	Suntx Cpi Expansion Fund Gp, L.p.	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2020-06-11	2,100,000	$16.00	4,941,831	No	4	S	Indirect	By SunTx CPI Expansion Fund, L.P.
Class A Common Stock	Disposition	2020-06-11	2,363,312	$16.00	1,802,050	No	4	S	Indirect	By SunTx Fulcrum Fund Prime, L.P.
Class A Common Stock	Disposition	2020-06-11	1,286,688	$16.00	981,119	No	4	S	Indirect	By SunTx Fulcrum Dutch Investors Prime, L.P.
Class A Common Stock	Disposition	2020-06-15	375,000	$16.00	4,566,831	No	4	S	Indirect	By SunTx CPI Expansion Fund, L.P.
Class A Common Stock	Disposition	2020-06-15	315,648	$16.00	1,486,402	No	4	S	Indirect	By SunTx Fulcrum Fund Prime, L.P.
Class A Common Stock	Disposition	2020-06-15	171,852	$16.00	809,267	No	4	S	Indirect	By SunTx Fulcrum Dutch Investors Prime, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By SunTx CPI Expansion Fund, L.P.
No	4	S	Indirect	By SunTx Fulcrum Fund Prime, L.P.
No	4	S	Indirect	By SunTx Fulcrum Dutch Investors Prime, L.P.
No	4	S	Indirect	By SunTx CPI Expansion Fund, L.P.
No	4	S	Indirect	By SunTx Fulcrum Fund Prime, L.P.
No	4	S	Indirect	By SunTx Fulcrum Dutch Investors Prime, L.P.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	114,575	Direct
Class A Common Stock	4,000	Indirect	By spouse of Ned N. Fleming, III
Class A Common Stock	38,192	Direct
Class A Common Stock	39,192	Direct

Footnotes

The sales price of these shares of Class A common stock, par value $0.001 ("Class A Common Stock"), of Construction Partners, Inc. (the "Issuer") takes into account the $0.50 per share amount of underwriting discounts and commissions for these sales to the underwriters of the public offering of Class A Common Stock.
These shares were sold to the underwriters pursuant to the underwriters' exercise of their option to purchase up to an additional 862,500 shares of Class A Common Stock.
These securities of the Issuer are directly held by SunTx CPI Expansion Fund, L.P. ("SunTx Expansion Fund"). The general partner of SunTx Expansion Fund is SunTx CPI Expansion Fund GP, L.P. ("SunTx Expansion GP").
These securities of the Issuer are directly held by SunTx Fulcrum Fund Prime, L.P. ("SunTx Fulcrum Fund"). The general partner of SunTx Fulcrum Fund is SunTx Capital Partners L.P. ("SunTx Partners GP").
These securities of the Issuer are directly held by SunTx Fulcrum Dutch Investors Prime, L.P. ("SunTx Fulcrum Dutch Fund", and together with SunTx Expansion Fund and SunTx Fulcrum Fund, the "SunTx Funds"). The general partner of SunTx Fulcrum Dutch Fund is SunTx Partners GP.
The general partner of each of SunTx Expansion GP and SunTx Partners GP is SunTx Capital Management Corp. ("SunTx Capital Management"). Ned N. Fleming, III, a director of the Issuer, is the sole shareholder and director of SunTx Capital Management. Craig Jennings and Mark R. Matteson, each a director of the Issuer, are each executive officers of SunTx Capital Management. Each of SunTx Expansion GP, SunTx Partners GP, SunTx Capital Management, Mr. Fleming, Mr. Jennings and Mr. Matteson may be deemed to beneficially own securities of the Issuer held by the SunTx Funds. Each such entity and person disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein and this report shall not be deemed an admission that any such entity or 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.
Represents restricted shares of Class A Common Stock of the Issuer granted to Ned N. Fleming, III 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.
Represents restricted shares of Class A Common Stock of the Issuer granted to Craig Jennings 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.
Represents 1,000 shares of Class A Common Stock directly held by Mark R. Matteson that were purchased in the open market and 38,192 restricted shares of Class A Common Stock of the Issuer granted to Mark R. Matteson 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.
Securities held directly by Ned N. Fleming, III.
Securities held directly by Craig Jennings.
Securities held directly by Mark R. Matteson.