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. See Instructions 1(b).
1. Name and Address of Reporting Person
Jones, Jr., Richard D.
3710 Rawlins
Suite 1600
Dallas, TX 75219
USA
2. Issuer Name and Ticker or Trading Symbol
Centex Construction Products, Inc.
CXP
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
05/31/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President and Chief Operating Officer
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 |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
Common Stock, par value $0.|5/14/9|M(1)| |15,480 |A |$12.00 | | | |
01 per share |7 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, par value $0.|5/14/9|S(1)| |15,480 |D |$19.50 | | | |
01 per share |7 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, par value $0.|5/14/9|M(1)| |23,220 |A |$12.00 | | | |
01 per share |7 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, par value $0.|5/14/9|S(1)| |23,220 |D |$19.50 |16,800 |D | |
01 per share |7 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | |1,867(2) |I |CCP Profit Sharing & Retire|
| | | | | | | | |ment Plan |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
Option Right to Buy |$12.00 |5/14/|M(1)| |15,480 |D |____(|6/03/|Common Stock|15,480 | |24,520(4) |D | |
| |97 | | | | |3) |2004 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option Right to Buy |$12.00 |5/14/|M(1)| |23,220 |D |____(|6/03/|Common Stock|23,200 | |36,780(6) |D | |
| |97 | | | | |5) |2004 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
Explanation of Responses:
(1) This exercise and/or sale was made pursuant to and in reliance upon the
exemption contained in Rule 16b-3.
(2) Number of shares owned as of June 3, 1997 by Trustee of Centex Construction
Products, Inc. Profit Sharing
and Retirement Plan based on most recent plan information available to
reporting person. Number of shares has
been rounded to the nearest whole
number.
(3) Shares vest based upon achievement of certain levels of operating earnings
and return on average net
assets. Any unvested options automatically vest after nine years and five
months. Options expire on the tenth
anniversary of the
grant.
(4) Of such shares, 6,760 are not currently
exercisable.
(5) Shares vest based upon achievement of certain levels of operating earnings
and return on average net
assets. Any unvested options automatically vest after nine years and five
months. Options expire on the tenth
anniversary of the
grant.
(6) Of such shares, 10,140 are not currently
exercisable.
SIGNATURE OF REPORTING PERSON
\s\ Richard D. Jones, Jr.
DATE
June 6, 1997
