SEC Form 4 · accession 0001127602-15-032161
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luis M Fernandez-Moreno
Officer — Senior Vice President
Period of report
Nov 18, 2015
Accepted (ET)
Nov 20, 2015 · 4:51 pm EST
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 | Nov 18, 2015 | A | 3,423 | $111.89 | A | 48,827 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3 | $111.89 | Nov 18, 2015 | A | 10,000 | A | Nov 18, 2016 | Dec 18, 2025 | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitsF4,F5 | — | Nov 18, 2015 | A | 1,900 | A | — | — | Common Stock | 1,900 | 1,900 | D |
Explanation of responses
- F1Ashland Common Stock acquired upon settlement of LTIP award pursuant to Ashland's Amended and Restated 2011 Incentive Plan and exempt under Rule 16b-3(d).
- F2Includes 40,123 shares of unvested Restricted Stock.
- F3Stock Appreciation Right granted pursuant to the Amended and Restated 2015 Ashland Inc. Incentive Plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.
- F4Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- F5Grant of Restricted Stock Units, pursuant to the Amended and Restated 2015 Ashland Inc. Incentive Plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant will vest in three equal annual installments beginning one year from the date of grant, provided that the Reported Person remains in the continuous employment with the Issuer.