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).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BYRNE TIMOTHY W

(Last) (First) (Middle)
5429 LBJ FREEWAY
SUITE 230

(Street)
DALLAS TX 75240

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNITED STATES LIME & MINERALS INC [ USLM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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
USLM Common Stock 08/21/2023 G 250 D $201.06(1) 31,509 D
USLM Common Stock 08/22/2023 S 8 D $207.485 31,501 D
USLM Common Stock 08/22/2023 S 211 D $204.05(2) 31,290 D
USLM Common Stock 08/22/2023 S 34 D $208.13(3) 31,256 D
USLM Common Stock 08/23/2023 S 1,056 D $214.01(4) 30,200 D
USLM Common Stock 08/23/2023 S 681 D $215.16 29,519(5) D
USLM Common Stock 08/23/2023 S 1,272 D $214.93(6) 28,247 D
USLM Common Stock 08/23/2023 S 238 D $215.89(7) 28,009 D
USLM Common Stock 08/23/2023 S 112 D $216.09(8) 27,897 D
USLM Common Stock 08/23/2023 S 71 D $216.61(9) 27,826 D
USLM Common Stock 08/23/2023 S 1,317 D $215.08(10) 26,509 D
USLM Common Stock 08/23/2023 F 3,974 D $215.1(11) 22,535 D
USLM Common Stock 08/23/2023 M 7,500 A $114 30,035 D
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
Stock Option (right to buy) $114 08/23/2023 M 2,500 06/30/2021 12/31/2030 USLM Common Stock 2,500 $114 5,000 D
Stock Option (right to buy) $114 08/23/2023 M 2,500 12/31/2021 12/31/2030 USLM Common Stock 2,500 $114 2,500 D
Stock Option (right to buy) $114 08/23/2023 M 2,500 06/30/2022 12/31/2030 USLM Common Stock 2,500 $114 0 D
Explanation of Responses:
1. Per share closing price for USLM on August 21, 2023.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at pries ranging from $204.00 to $204.07, inclusive. The reporting person undertakes to provide United States Lime & Minerals, Inc., any security holder of United States Lime & Minerals, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1 through 6.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 208 to 208.51, inclusive.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.75 to 214.35, inclusive.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transaction at price ranging from $214.79 to 215.71, inclusive.
6. The price reported in Column 4 is a Weighted average price. These shares were sold in multiple transactions at prices ranging from $214.79 to 215.50, inclusive.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transaction at prices ranging from $215.89 to $216.10, inclusive.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.09 to 216.10, inclusive.
9. the price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.23 to $217.14, inclusive.
10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.00 to $215.91, inclusive.
11. Per share closing price for USLM on August 23, 2023, the date options were exercised.
s Timothy W Byrne 08/23/2023
** 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.

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