SEC Form 4 · accession 0001140361-18-020110
ASTEC INDUSTRIES INC · ASTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles F Potts
Director
Period of report
Apr 27, 2018
Accepted (ET)
Apr 27, 2018 · 3:33 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 StockF2 | Apr 27, 2018 | A | 1,170 | $55.56 | A | 5,047 | D | |
| Common StockF1 | Apr 27, 2018 | A | 225 | $55.56 | A | 2,311 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Transaction represents deferred stock units issued in payment of reporting person's quarterly board retainer. Deferred stock units convert to shares of common stock on a one-for-one basis at a later date. Balance held includes 1,019 due to vesting of RSUs on April 26, 2018.
- F2Transaction represents Restrictive Stock Units ("RSUs") issued in payment of the reporting person's annual stock award for being a non-employee director of the Company. Upon vesting, at the earlier of one year from the date of grant or on the day preceding the Company's next annual meeting of shareholders, the RSUs convert into shares of Company stock on a one-for-one basis, unless the individual director has made an election to defer receipt of the Company stock.