SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SunTx Capital Management Corp.

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Construction Partners, Inc. [ ROAD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/20/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/20/2019 S 2,612,925 D $13.4662(1) 7,433,770 I By SunTx CPI Expansion Fund, L.P.(2)(5)
Class A Common Stock 09/20/2019 S 1,545,589 D $13.4662(1) 4,397,200 I By SunTx Fulcrum Fund Prime, L.P.(3)(5)
Class A Common Stock 09/20/2019 S 841,486 D $13.4662(1) 2,394,030 I By SunTx Fulcrum Dutch Investors Prime, L.P.(4)(5)
Class A Common Stock 114,575(6) D(9)
Class A Common Stock 4,000 I By spouse of Ned N. Fleming, III
Class A Common Stock 38,192(7) D(10)
Class A Common Stock 39,192(8) D(11)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
SunTx Capital Management Corp.

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
SunTX CPI Expansion Fund GP, L.P.

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
SUNTX CAPITAL PARTNERS L P

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
SunTx CPI Expansion Fund LP

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
SunTx Fulcrum Fund Prime, L.P.

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
SunTx Fulcrum Dutch Investors Prime, L.P.

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Fleming Ned N III

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Jennings Craig

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Matteson Mark R

(Last) (First) (Middle)
5420 LBJ FREEWAY, SUITE 1000

(Street)
DALLAS TX 75240

(City) (State) (Zip)
Explanation of Responses:
1. 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 $0.7838 per share amount of underwriting discounts for these sales to the underwriters of the public offering of Class A Common Stock.
2. 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").
3. 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").
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. Securities held directly by Ned N. Fleming, III.
10. Securities held directly by Craig Jennings.
11. Securities held directly by Mark R. Matteson
Remarks:
Each of Ned N. Fleming, III, Craig Jennings and Mark R. Matteson serves on the Board of Directors of Construction Partners, Inc. (the "Issuer"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons other than Mr. Fleming, Mr. Jennings and Mr. Matteson are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer.
SUNTX CAPITAL MANAGEMENT CORP., Name: /s/ Ned N. Fleming, III, Title: Director 09/20/2019
SUNTX CPI EXPANSION FUND GP, L.P., By: SunTx Capital Management Corp, its general partner, Name: /s/ Ned N. Fleming, III, Title: Director 09/20/2019
SUNTX CAPITAL PARTNERS L.P., By: SunTx Capital Management Corp., its general partner, Name: /s/ Ned N. Fleming, III, Title: Director 09/20/2019
SUNTX CPI EXPANSION FUND, L.P., By: SunTx CPI Expansion Fund GP, L.P., its general partner, By: SunTx Capital Management Corp., its general partner, Name: /s/ Ned N. Fleming, III, Title: Director 09/20/2019
SUNTX FULCRUM FUND PRIME, L.P., By: SunTx Capital Partners L.P., its general partner, By: SunTx Capital Management Corp., its general partner, Name: /s/ Ned N. Fleming, III, Title: Director 09/20/2019
SUNTX FULCRUM DUTCH INVESTORS PRIME, L.P., By: SunTx Capital Partners L.P., its general partner, By: SunTx Capital Management Corp., its general partner, Name: /s/ Ned N. Fleming, III, Title: Director 09/20/2019
NED N. FLEMING, III, Name: /s/ Ned N. Fleming, III 09/20/2019
CRAIG JENNINGS, Name: /s/ Craig Jennings 09/20/2019
MARK R. MATTESON, Name: /s/ Mark R. Matteson 09/20/2019
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                                                                    Exhibit 99.1


                         Form 4 Joint Filer Information


Name:                                   SunTx CPI Expansion Fund GP, L.P.


Address:                                5420 LBJ Freeway, Suite 1000
                                        Dallas, TX 75240


Date of Event Requiring Statement:      09/20/19



Name:                                   SunTx Capital Partners L.P.


Address:                                5420 LBJ Freeway, Suite 1000
                                        Dallas, TX 75240


Date of Event Requiring Statement:      09/20/19



Name:                                   SunTx CPI Expansion Fund, L.P.


Address:                                5420 LBJ Freeway, Suite 1000
                                        Dallas, TX 75240


Date of Event Requiring Statement:      09/20/19



Name:                                   SunTx Fulcrum Fund Prime, L.P.


Address:                                5420 LBJ Freeway, Suite 1000
                                        Dallas, TX 75240


Date of Event Requiring Statement:      09/20/19



Name:                                   SunTx Fulcrum Dutch Investors Prime,
                                        L.P.


Address:                                5420 LBJ Freeway, Suite 1000
                                        Dallas, TX 75240


Date of Event Requiring Statement:      09/20/19



Name:                                   Ned N. Fleming, III


Address:                                5420 LBJ Freeway, Suite 1000
                                        Dallas, TX 75240


Date of Event Requiring Statement:      09/20/19



Name:                                   Craig Jennings


Address:                                5420 LBJ Freeway, Suite 1000
                                        Dallas, TX 75240


Date of Event Requiring Statement:      09/20/19



Name:                                   Mark R. Matteson


Address:                                5420 LBJ Freeway, Suite 1000
                                        Dallas, TX 75240


Date of Event Requiring Statement:      09/20/19