SEC Form 4 · accession 0001140361-16-059277
ASTEC INDUSTRIES INC · ASTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey M. Schwarz
Officer — President-JCI
Period of report
Mar 28, 2016
Accepted (ET)
Mar 29, 2016 · 2:23 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 StockF2 | holding | — | — | — | 2,318 | 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 | — | Mar 28, 2016 | A | 1 | A | — | — | Common Stock | 1 | 251 | D |
Explanation of responses
- F1Transaction 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.
- F2Holdings are restricted stock units (RSUs) that convert to common stock on a one-for-one basis at a later date.