SEC Form 4 · accession 0001567619-18-001964
ASTEC INDUSTRIES INC · ASTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey M. Schwarz
Officer — Group President-AAM US
Period of report
Aug 30, 2018
Accepted (ET)
Aug 31, 2018 · 9:53 am 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 | — | — | — | 2,850 | D | ||
| Common Stock | holding | — | — | — | 544 | 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 | — | Aug 30, 2018 | A | 1 | A | — | — | Common Stock | 1 | 582 | 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 to 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.