SEC Form 4 · accession 0001140361-17-044325
ASTEC INDUSTRIES INC · ASTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Malcolm L Swanson
Officer — President-Astec, Inc.
Period of report
Nov 29, 2017
Accepted (ET)
Nov 30, 2017 · 10:46 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 StockF1 | holding | — | — | — | 376 | I | by 401(k) Plan | |
| Common StockF2 | holding | — | — | — | 1,170 | D | ||
| Common Stock | holding | — | — | — | 160 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF3 | — | Nov 29, 2017 | A | 3 | A | — | — | Common Stock | 3 | 1,845 | D |
Explanation of responses
- F1Shares held in 401k are based upon plan statement dated November 30, 2017.
- F2Holdings are Restricted Stock Units ("RSUs") that convert to common stock on a one-for-one basis at a later date.
- F3Reported transaction represents the automatic reinvestment of Astec's quarterly dividend on shares held in the reporting person's SERP account that was used 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.