SEC Form 4 · accession 0001140361-17-009864
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
Feb 28, 2017
Accepted (ET)
Mar 1, 2017 · 12:13 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, 2017 | A | 733 | $0.00 | A | 3,093 | D | |
| Common StockF2 | Feb 28, 2017 | F | 138 | $65.35 | D | 2,763 | D | |
| Common StockF3 | holding | — | — | — | 192 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4 | — | holding | — | — | — | — | — | Common Stock | 373 | 373 | 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 is a grant of RSUs earned under the Company's 2011 Incentive Plan for 2016 performance.
- F2Holdings are Restricted Stock Units ("RSUs") that convert to common stock on a one-for-one basis at a later date. Reported transaction reflects 138 shares of common stock withheld by the issuer to satisfy tax withholding obligations upon the vesting of 330 RSUs.
- F3Total amount includes 192 shares issued upon vesting of RSUs on February 28, 2017.
- F4Phantom shares are held in a SERP and are payable in cash following the reporting person's termination of employment from Astec.