SEC Form 4 · accession 0001140361-16-055637
ASTEC INDUSTRIES INC · ASTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven L Claude
Officer — Group President-Infrastructure
Period of report
Feb 28, 2016
Accepted (ET)
Feb 29, 2016 · 7:40 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 StockF2 | Feb 28, 2016 | F | 439 | $42.19 | D | 0 | D | |
| Common StockF3 | holding | — | — | — | 1,987 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1 | — | holding | — | — | — | — | — | Common Stock | 253 | 253 | D |
Explanation of responses
- F1Phantom shares are held in a SERP and are payable in cash following the reporting person's termination of employment from Astec.
- F2Holdings are restricted stock units (RSUs) that convert to common stock on a one-for-one basis at a later date. Reported transaction reflects 439 shares of common stock withheld tby the issuer to satisfy tax withholding obligations upon the vesting of 1,753 RSUs.
- F3Total amount includes 1,314 shares issued upon vesting of RSUs on February 28, 2016.