SEC Form 4 · accession 0001140361-17-022827
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
May 26, 2017
Accepted (ET)
May 30, 2017 · 4:41 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 StockF1 | holding | — | — | — | 2,763 | D | ||
| Common Stock | 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 StockF2 | — | May 26, 2017 | A | 1 | A | — | — | Common Stock | 1 | 432 | 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.
- F2Reported transaction represents the automatic reinvestment of Astec's quarterly dividend on shares held in the reporting person's SERP account to purchase additional shares of Astec stock on the open market, as previously 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.