SEC Form 4 · accession 0000899243-17-024798
ADVANCED DRAINAGE SYSTEMS, INC. · WMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M Fussner
Officer — EVP and Co-COO
Period of report
Oct 25, 2017
Accepted (ET)
Oct 27, 2017 · 11:40 am 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 Stock | Oct 25, 2017 | M | 10,335 | $12.59 | A | 554,367 | D | |
| Common Stock | Oct 25, 2017 | M | 13,477 | $10.70 | A | 567,844 | 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 StockF2 | $12.59 | Oct 25, 2017 | M | 10,335 | D | — | Mar 31, 2022 | Common Stock | 10,335 | 0 | D |
| Option to Purchase Common StockF3 | $10.70 | Oct 25, 2017 | M | 13,477 | D | — | Mar 31, 2021 | Common Stock | 13,477 | 0 | D |
Explanation of responses
- F1Reflects the exercise by the Reporting Person of stock options (right to buy) previously granted by the Issuer.
- F2The option was scheduled to vest in three equal annual installments beginning on August 1, 2017, provided however that all remaining unvested options vested in full immediately prior to the completion of the Issuer's initial public offering ("IPO").
- F3The option was scheduled to vest in three equal annual installments beginning on May 3, 2016, provided however that all remaining unvested options vested in full immediately prior to the completion of the Issuer's IPO.