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ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2023
Nov 16, 2023
30558_dirs_2023-11-16_f63698ee-a5e6-4a44-b1b0-dba75f0f3ae8.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: 2023-11-15
Reporting Person: HUEBERT MICHAEL G. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-15 | Common Stock | M | 1788 | $24.20 | Acquired | 38586 | Direct |
| 2023-11-15 | Common Stock | M | 4802 | $25.75 | Acquired | 43388 | Direct |
| 2023-11-15 | Common Stock | M | 8204 | $27.44 | Acquired | 51592 | Direct |
| 2023-11-15 | Common Stock | S | 14794 | $120.7414 | Disposed | 36798 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-11-15 | Option to Purchase Common Stock | $24.20 | M | 1788 | Disposed | 2026-03-31 | Common Stock (1788) | Direct |
| 2023-11-15 | Option to Purchase Common Stock | $25.75 | M | 4802 | Disposed | 2028-05-23 | Common Stock (4802) | Direct |
| 2023-11-15 | Option to Purchase Common Stock | $27.44 | M | 8204 | Disposed | 2029-05-22 | Common Stock (8204) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 28745.3757 | Indirect |
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 $120.54 to $121.16, 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 options vested in three equal annual installments beginning on February 8, 2018.
F5: The options vested in three equal annual installments beginning on May 23, 2019.
F6: The options vested in three equal annual installments beginning on May 22, 2020.