Cumming Lawrence R 4
4 · ASTEC INDUSTRIES INC · Filed Aug 30, 2017
Insider Transaction Report
Form 4
Cumming Lawrence R
President-Peterson Pacific
Transactions
- Award
Phantom Stock
2017-08-29$47.18/sh+0.592$28→ 279.93 total→ Common Stock (0.592 underlying)
Holdings
- 726
Common Stock
Footnotes (2)
- [F1]Holdings are Restricted Stock Units ("RSUs") that convert to common stock on a one-for-one basis at a later date.
- [F2]Reported 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.