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ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2022
May 21, 2022
30558_dirs_2022-05-20_46a2f472-4a6d-469f-a5cc-437c2768d6d8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2022-05-18
Reporting Person: Cottrill Scott A (EVP, CFO AND SECRETARY)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-18 | Common Stock | A | 28305 | $0.00 | Acquired | 79712 | Direct |
| 2022-05-18 | Common Stock | A | 2959 | $0.00 | Acquired | 82671 | Direct |
| 2022-05-18 | Common Stock | F | 10679 | $99.29 | Disposed | 71992 | Direct |
| 2022-05-18 | Common Stock | F | 648 | $99.29 | Disposed | 71344 | 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 | 7095 | Acquired | 2032-05-17 | Common Stock (7095) | Direct |
Footnotes
F1: Reflects grant of performance-based units, orginally granted pursuant to the Issuer's 2017 Omnibus Incentive Plan, earned after the Issuer determined that certain performance goals for the performance period ended March 31, 2022 had been met. Total includes dividend equivalents in the amount of 1,427 shares, which dividend equivalents are settled in common stock.
F2: 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.