SEC Form 5 · accession 0001127602-16-066734
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel J Mitchell
Other
Period of report
Sep 30, 2016
Accepted (ET)
Nov 10, 2016 · 8:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001674862
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 17, 2015 | G | 4,000 | $0.00 | D | 25,009 | D | |
| Common StockF2 | holding | — | — | — | 1,913 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock UnitsF5,F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 34,469 | 34,469 | D |
| Restricted Stock UnitsF8,F6,F7 | — | holding | — | — | — | — | — | Common Stock | 1,672 | 1,672 | D |
Explanation of responses
- F1Includes 9,689 shares of unvested Restricted Stock, of which 130 shares were paid in lieu of cash dividends (exempt pursuant to Rule 16b-3) pursuant to Ashland's incentive plans and applicable restricted stock agreements (35 shares were paid on December 15, 2015; 35 shares were paid on March 15, 2016; 30 shares were paid on June 15, 2016; and 30 shares were paid on September 15, 2016).
- F2Based on Employee Savings Plan information as of October 31, 2016, the latest date for which such information is reasonably available.
- F31-for-1
- F4Subject to any deferral election on timing of distribution by the reporting person under the Plan, the Common Stock Units are payable in Common Stock upon the reporting person's in-service distribution election, retirement or other termination.
- F5Balance includes 439 additional Common Stock Unites acquired in lieu of cash dividends pursuant to Ashland's Deferred Compensation Plan (the "Plan") and exempt under Rule 16b-3 (116 on December 15, 2015, 117 on March 15, 2016, 105 on June 15, 2016 and 101 on September 15, 2016).
- F6Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- F7Grant of Restricted Stock Units, pursuant to the Amended and Restated 2015 Ashland Inc. Incentive Plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant will vest in three equal annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.
- F8Balance includes 22 additional Restricted Stock Units acquired in lieu of cash dividends (6 on December 15, 2015, 6 on March 15, 2016, 5 on June 15, 2016 and 5 on September 15, 2016).
Remarks
As of September 20, 2016, Ashland Global Holdings Inc. became the successor issuer to Ashland Inc. pursuant to a holding company reorganization in which all of Ashland Inc.'s outstanding shares were automatically converted into equivalent corresponding shares of Ashland Global Holdings Inc.