SEC Form 4 · accession 0001127602-15-014243
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore L Harris
Officer — Senior Vice President
Period of report
Apr 7, 2015
Accepted (ET)
Apr 9, 2015 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001305014
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Apr 7, 2015 | M | 11,100 | $128.65 | A | 70,623 | D | |
| Common StockF2 | Apr 7, 2015 | F | 6,860 | $128.65 | D | 63,763 | D | |
| Common StockF2 | Apr 7, 2015 | M | 9,825 | $128.65 | A | 73,588 | D | |
| Common Stock | Apr 7, 2015 | F | 7,272 | $128.65 | D | 66,316 | D | |
| Common StockF5,F2 | Apr 7, 2015 | S | 10,000 | $128.88 | D | 56,316 | D | |
| Common StockF2 | Apr 8, 2015 | S | 4,240 | $127.47 | D | 52,076 | D | |
| Common StockF2 | Apr 8, 2015 | S | 2,553 | $127.47 | D | 49,523 | D | |
| Common StockF6 | holding | — | — | — | 1,676 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $55.56 | Apr 7, 2015 | M | 11,100 | D | Dec 2, 2012 | Jan 2, 2022 | Common Stock | 11,100 | 0 | D |
| Stock Appreciation Right | $70.37 | Apr 7, 2015 | M | 9,825 | D | Nov 14, 2013 | Dec 14, 2022 | Common Stock | 9,825 | 3,275 | D |
Explanation of responses
- F1The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 19, 2015.
- F2Includes 20,148 shares of unvested Restricted Stock.
- F3Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 8 below.
- F4Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 9 below.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.65 to $128.99, inclusive. The reporting person undertakes to provide to Ashland Inc., any security holder of Ashland Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F6Based on Employee Savings Plan information as of April 7, 2015, the latest date for which such information is reasonably available.
- F7Stock Appreciation Right granted pursuant to the Amended and Restated 2011 Ashland Inc. Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year.
- F8Stock Appreciation Right granted pursuant to the Amended and Restated 2011 Ashland Inc. Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year.