SEC Form 4 · accession 0001140361-15-009603
ASTEC INDUSTRIES INC · ASTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Norman Smith
Officer — Vice Chairman · Director
Period of report
Feb 28, 2015
Accepted (ET)
Mar 2, 2015 · 3:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000792987
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 28, 2015 | F | 775 | $42.77 | D | 6,321 | D | |
| Common Stock | holding | — | — | — | 108,406 | I | W.N. Smith Living Trust | |
| Common StockF3 | holding | — | — | — | 4,650 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2 | — | holding | — | — | — | — | — | Common Stock | 22,978 | 22,978 | D |
Explanation of responses
- F1Holdings are restricted stock units (RSUs) that convert to common stock on a one-for-one basis at a later date. Reported transaction reflects 775 shares of common stock withheld by the issuer to satisfy tax withholding obligations upon the vesting of 3,100 RSUs.
- F2Phantom shares are held in a SERP and are payable in cash following the reporting person's termination of employment from Astec.
- F3Total amount includes 2,325 shares issued upon vesting of RSUs on February 28, 2015.