SEC Form 4 · accession 0001209191-15-047575
ADVANCED DRAINAGE SYSTEMS, INC. · WMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ewout Leeuwenburg
Officer — SVP, International
Period of report
May 26, 2015
Accepted (ET)
May 28, 2015 · 5:05 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 Stock | May 26, 2015 | M | 3,138 | $7.68 | A | 89,112 | D | |
| Common StockF2 | May 27, 2015 | S | 18,500 | $29.20 | D | 70,612 | 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 | May 26, 2015 | M | 3,138 | D | — | Mar 31, 2016 | Common Stock | 3,138 | 0 | D |
Explanation of responses
- F1Reflects the exercise by the Reporting Person of stock options (right to buy) previously granted by the Issuer.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.66 to $29.64, inclusive. The reporting person undertakes to provide to Advanced Drainage Systems, Inc., any security holder of Advanced Drainage Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- 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.