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

Jun 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2022-06-14

Reporting Person: TALLEY KEVIN C (EVP and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-14	Common Stock	M	46972	$13.64	Acquired	88525	Direct
2022-06-14	Common Stock	S	16741	$90.1824	Disposed	71784	Direct
2022-06-14	Common Stock	S	9759	$91.1497	Disposed	62025	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-14	Option to Purchase Common Stock	$13.64	M	46972	Disposed	2023-03-31	Common Stock (46972)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21270.5041	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 $89.695 to $90.69, 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 $90.70 to $91.39, 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 five equal annual installments beginning on September 1, 2014.