SEC Form 4 · accession 0001127602-16-058289
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anne T. Schumann
Officer — Vice President
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 6:40 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 | Jul 15, 2016 | M | 1,375 | $0.00 | A | 12,178 | D | |
| Common StockF2 | Jul 15, 2016 | F | 879 | $122.47 | D | 11,299 | D | |
| Common StockF2 | Jul 18, 2016 | S | 496 | $121.61 | D | 10,803 | D | |
| Common StockF4 | holding | — | — | — | 1,296 | 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 RightF5 | $55.56 | Jul 15, 2016 | M | 1,375 | D | Dec 2, 2012 | Jan 2, 2022 | Common Stock | 1,375 | 0 | D |
Explanation of responses
- F1The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2015.
- F2Includes 5,973 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 5 below.
- F4Based on Employee Savings Plan information as of July 12, 2016, the latest date for which such information is reasonably available.
- F5Stock 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.