SEC Form 4 · accession 0001140361-17-027817
ASTEC INDUSTRIES INC · ASTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Norman Smith
Officer — Vice Chairman · Director
Period of report
Jul 12, 2017
Accepted (ET)
Jul 13, 2017 · 5:29 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 | — | — | — | 3,588 | D | ||
| Common Stock | holding | — | — | — | 102,796 | I | W.N. Smith Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2 | — | Jul 12, 2017 | A | 159 | A | — | — | Common Stock | 159 | 25,586 | 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 Astec's quarterly contribution to the reporting person's SERP account that was used to purchase additional shares of Astec stock on the open market. Phantom shares are held in a SERP and are payable in cash following the reporting person's termination of employment from Astec.