SEC Form 4 · accession 0001209191-15-002940
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
Jan 5, 2015
Accepted (ET)
Jan 7, 2015 · 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 Stock | Jan 5, 2015 | M | 21,202 | $9.43 | A | 613,320 | D | |
| Common Stock | Jan 5, 2015 | M | 8,109 | $10.75 | A | 621,429 | D | |
| Common Stock | Jan 5, 2015 | M | 8,528 | $10.70 | A | 629,957 | 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 | $9.43 | Jan 5, 2015 | M | 21,202 | D | — | Mar 31, 2019 | Common Stock | 21,202 | 29,341 | D |
| Option to Purchase Common StockF3 | $10.75 | Jan 5, 2015 | M | 8,109 | D | — | Mar 31, 2020 | Common Stock | 8,109 | 16,216 | D |
| Option to Purchase Common StockF4 | $10.70 | Jan 5, 2015 | M | 8,528 | D | — | Mar 31, 2021 | Common Stock | 8,528 | 13,477 | 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 July 22, 2014, 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 July 21, 2015, provided however that all remaining unvested options vested in full immediately prior to the completion of the Issuer's IPO.
- F4The 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.