ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2022

Aug 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2022-08-10

Reporting Person: TALLEY KEVIN C (EVP and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-10	Common Stock	M	15646	$24.20	Acquired	77671	Direct
2022-08-10	Common Stock	M	8643	$25.75	Acquired	86314	Direct
2022-08-10	Common Stock	M	10547	$27.44	Acquired	96861	Direct
2022-08-10	Common Stock	S	34551	$142.6699	Disposed	62310	Direct
2022-08-10	Common Stock	S	285	$143.3905	Disposed	62025	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-10	Option to Purchase Common Stock	$24.20	M	15646	Disposed	2026-03-31	Common Stock (15646)	Direct
2022-08-10	Option to Purchase Common Stock	$25.75	M	8643	Disposed	2028-05-23	Common Stock (8643)	Direct
2022-08-10	Option to Purchase Common Stock	$27.44	M	10547	Disposed	2029-05-21	Common Stock (10547)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21269.2997	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $142.36 to $143.35, 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 (1) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $143.36 to $143.405, 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: Represents current allocation under KSOP.

F4: The option vested in three equal annual installments beginning on February 8, 2018.

F5: The option vested in three equal annual installments beginning on May 23, 2019.

F6: The option vested in three equal annual installments beginning on May 21, 2020.