SEC Form 4 · accession 0001140361-15-033885
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
Aug 28, 2015
Accepted (ET)
Aug 31, 2015 · 2:57 pm EDT
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 Stock | holding | — | — | — | 108,406 | I | W.N. Smith Living Trust | |
| Common StockF1 | holding | — | — | — | 6,321 | D | ||
| Common Stock | 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 | — | Aug 28, 2015 | A | 63 | A | — | — | Common Stock | 63 | 23,552 | 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.
- F2Transaction represents the automatic reinvestment of a cash dividend on phantom stock held in the reporting person's SERP account that was used to purchase Astec stock as approved by the Company's board of directors. Phantom shares are held in a SERP and are payable in cash following the reporting person's termination of employment from Astec.