SEC Form 4 · accession 0001140361-17-008163
ADVANCED DRAINAGE SYSTEMS, INC. · WMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
American Securities Partners V, L.P.
10% Owner
AMERICAN SECURITIES LLC
10% Owner
ASP ADS Investco, LLC
10% Owner
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 6:00 pm EST
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 StockF1,F2 | Feb 15, 2017 | S | 3,750,000 | $22.15 | D | 3,796,908 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares are directly owned by ASP ADS Investco, LLC ("ASPADS") and may also be deemed to be indirectly beneficially owned by: (i) American Securities Partners V, L.P., American Securities Partners V(B), L.P. and American Securities Partners V(C), L.P. (each, a "Sponsor"), the owners of membership interests in ASPADS; and (ii) American Securities Associates V, LLC ("GP"), the general partner of each Sponsor. American Securities LLC provides investment advisory services to each Sponsor.
- F2Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Remarks
Exhibit 99.1 Joint Filer Information, incorporated herein by reference.