UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
Nicolais, Michael R.
Olivhan Investment, L.P.
8117 Preston Rd., Ste 250W
Dallas, TX 75225
2. Issuer Name and Ticker or Trading Symbol
Centex Construction Products, Inc. (CXP)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
07/01
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
7. 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
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of
6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
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Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned
(Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative
6)Date Exercisable and
Security or Exercise action action Securities Acquired (A)
Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable
Expiration
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Non-Qualified Stock Option $26.9700 05/10/01 A V 3,000
02/10/11 (1) 05/09/11
(right to buy)
Non-Qualified Stock Option $32.8000 07/17/01 A V 3,000
04/17/11 (1) 07/16/11
(right to buy)
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned
(Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of
10) 11)Nature of
Security action of Underlying of Deri- Derivative
Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
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Non-Qualified Stock Option 05/10/01 Common Stock 3,000 3,000
D Direct
(right to buy)
Non-Qualified Stock Option 07/17/01 Common Stock 3,000 3,000
D Direct
(right to buy)
Explanation of Responses:
(1)
Shares will vest over a three year period when the Company first achieves certain specified
two-year average operating earnings and
return on average net assets goals, with 1/3 of the shares vesting as of March 31 of the fiscal year
in which the Company first
achieves such financial goals and 1/3 of the shares vesting on each of the first and second
anniversaries of such date. As of each
vesting date, optionee must still be employed by the Company in order for vesting to occur. Any
unvested shares will vest
automatically on the date that is nine years and nine months following the date of grant.
SIGNATURE OF REPORTING PERSON
/S/ Nicolais, Michael R.
DATE 12/01/01