ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2019

Dec 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2019-12-09

Reporting Person: LEEUWENBURG EWOUT (SVP, International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-09	Common Stock	M	20000	$13.64	Acquired	64210	Direct
2019-12-09	Common Stock	S	20000	$38.2434	Disposed	44210	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-09	Option to Purchase Common Stock	$13.64	M	20000	Disposed	2023-03-31	Common Stock (20000)	Direct

Footnotes

F1: Reflects the exercise by the Reporting Person of stock options (right to buy) previously granted by the Issuer.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.12 to $38.40, inclusive. The reporting person undertakes to provide to Advanced Drainage Systems, Inc., any security holder of Advanced Drainage Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4.

F3: The option will vest in five equal installments beginning on September 1, 2014.