SEC Form 4 · accession 0001127602-16-067805
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
J Kevin Willis
Officer — Chief Financial Officer
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 5:20 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 StockF2 | Nov 16, 2016 | A | 8,532 | $109.15 | A | 17,505 | D | |
| Common StockF2 | Nov 17, 2016 | F | 1,744 | $109.32 | D | 15,761 | D | |
| Common StockF4 | holding | — | — | — | 15,656 | I | 401(k) | |
| Common StockF5 | holding | — | — | — | 887 | I | LESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF6 | $109.15 | Nov 16, 2016 | A | 17,300 | A | Nov 16, 2017 | Dec 16, 2026 | Common Stock | 17,300 | 17,300 | D |
| Restricted Stock UnitsF7,F8 | — | Nov 16, 2016 | A | 2,700 | A | — | — | Common Stock | 2,700 | 5,793 | D |
Explanation of responses
- F1Ashland Common Stock acquired upon settlement of LTIP award pursuant to Ashland's incentive plan and exempt under Rule 16b-3(d).
- F2Includes 3,626 shares of unvested Restricted Stock.
- F3Payment of tax liability by withholding incident to the receipt of the vesting of shares of Restricted Common Stock acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F4Based on Employee Savings Plan information as of October 31, 2016, the latest date for which such information is reasonably available.
- F5Shares accrued under Ashland's Leveraged Employee Stock Ownership Plan as of October 31, 2016.
- F6Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.
- F7Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- F8Grant of Restricted Stock Units, pursuant to Ashland's 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.