SEC Form 4 · accession 0001140361-16-088163
ASTEC INDUSTRIES INC · ASTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Patek
Officer — Group Pres Aggregate & Mining
Period of report
Nov 28, 2016
Accepted (ET)
Nov 30, 2016 · 10:53 am 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 StockF3 | holding | — | — | — | 965 | I | by 401(k) Plan | |
| Common StockF2 | holding | — | — | — | 1,763 | D | ||
| Common Stock | holding | — | — | — | 3,800 | 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 | — | Nov 28, 2016 | A | 18 | A | — | — | Common Stock | 18 | 11,917 | D |
Explanation of responses
- F1Transaction represents the automatic reinvestment of Astec's quarterly dividend on shares held by the reporting person's SERP account to purchase additional shares of Astec stock on the open market 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.
- F3Shares held in the reporting person's 401k account are based upon a Plan statement dated November 29, 2016.