SEC Form 4 · accession 0000899243-16-016040
ADVANCED DRAINAGE SYSTEMS, INC. · WMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert M Klein
Officer — EVP, Sales
Period of report
Mar 11, 2016
Accepted (ET)
Mar 15, 2016 · 7:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604028
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 11, 2016 | M | 56,484 | $7.68 | A | 311,024 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF3 | $7.68 | Mar 11, 2016 | M | 56,484 | D | — | Mar 31, 2016 | Common Stock | 56,484 | 0 | D |
Explanation of responses
- F1Reflects the exercise by the Reporting Person of stock options (right to buy) previously granted by the Issuer.
- F2Reflects the disposition by the Reporting Person of 14,121 shares on June 16, 2015 in a transaction exempted from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-12 thereunder.
- F3The option was scheduled to vest in three equal annual installments beginning on April 26, 2011, provided however that all remaining unvested options vested in full immediately prior to the completion of the Issuer's initial public offering.