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ADVANCED DRAINAGE SYSTEMS, INC. Director's Dealing 2022

May 24, 2022

30558_dirs_2022-05-23_41aaf2a2-426e-4a26-a1de-a62907410f28.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2022-05-18

Reporting Person: BARBOUR D. SCOTT (Director, See Remarks)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2022-05-18 Common Stock A 10574 $0.00 Acquired 145667 Direct
2022-05-18 Common Stock F 43940 $99.29 Disposed 101727 Direct
2022-05-18 Common Stock F 2413 $99.29 Disposed 99314 Direct
2022-05-19 Common Stock F 2778 $103.88 Disposed 96536 Direct
2022-05-19 Common Stock F 1354 $103.88 Disposed 95182 Direct
2022-05-22 Common Stock F 3788 $104.91 Disposed 91394 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2022-05-18 Option to Purchase Common Stock $99.29 A 25357 Acquired 2032-05-17 Common Stock (25357) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 8920 Indirect
Common Stock 82000 Indirect
Common Stock 10000 Indirect
Common Stock 50000 Indirect

Footnotes

F1: Incorrectly reported on Form 4 as 10,324.

F2: Incorrectly reported on Form 4 as 145,417.

F3: Incorrectly reported on Form 4 as 101,477.

F4: Incorrectly reported on Form 4 as 99,064.

F5: Shares held in revocable trust for the benefit of the reporting person.

F6: Shares held in irrevocable spousal access trust established by the reporting person, of which the reporting person's spouse is a co-trustee. The beneficiaries of the irrevocable trust are the reporting person and his children.

F7: Shares held in revocable trust for the benefit of the reporting person's spouse.

F8: Shares held in irrevocable spousal access trust established by the reporting person's spouse, of which the reporting person is a co-trustee. The beneficiaries of the irerrevocable trust include the reporting person's spouse and his children.

F9: Incorrectly reported on Form 4 as 24,757.

F10: The options vest in three equal annual installments beginning on May 17, 2023, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.