ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2023

Jun 9, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2023-05-31

Reporting Person: TAYLOR CRAIG J. (Executive Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4612	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock	$41.85	2030-02-03	Common Stock (1684)		Direct
Option to Purchase Common Stock	$41.97	2030-05-19	Common Stock (2556)		Direct
Option to Purchase Common Stock	$105.82	2031-05-19	Common Stock (1002)		Direct
Option to Purchase Common Stock	$99.29	2032-05-18	Common Stock (1299)		Direct
Option to Purchase Common Stock	$96.51	2033-05-22	Common Stock (3188)		Direct

Footnotes

F1: The options vest in three equal annual installments beginning on February 3, 2021, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

F2: The options vest in three equal annual installments beginning on May 19, 2021, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

F3: The options vest in three equal annual installments beginning on May 18, 2022, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

F4: 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.

F5: The options vest in three equal annual installments beginning on May 21, 2024, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.