SEC Form 4 · accession 0001127602-17-000802
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Kevin Willis
Officer — Chief Financial Officer
Period of report
Dec 30, 2016
Accepted (ET)
Jan 4, 2017 · 5:57 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 Stock | Dec 30, 2016 | M | 172 | $109.29 | A | 4,563 | D | |
| Common StockF3 | Dec 30, 2016 | F | 54 | $109.29 | D | 4,509 | D | |
| Common StockF4 | holding | — | — | — | 15,714 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock UnitsF8,F6,F7 | — | Dec 30, 2016 | M | 172 | D | — | — | Common Stock | 172 | 14,856 | D |
Explanation of responses
- F1Shares of common stock received in settlement of an equal number of common stock units as described in footnote (7) below.
- F2Payment of tax liability by withholding securities incident to the conversion of common stock units referenced in footnote (7) below.
- F3Includes 3,637 shares of unvested Restricted Stock.
- F4Based on Employee Savings Plan information as of December 30, 2016, the latest date for which such information is reasonably available.
- F5Shares accrued under Ashland's Leveraged Employee Stock Ownership Plan as of December 30, 2016.
- F61 for 1.
- F7The common stock units were converted into shares of common stock pursuant to an election for fixed schedule distributions established by the reporting person under Ashland's Deferred Compensation Plan. Fixed schedule distributions under the Employee Deferral Plan must be made not less than two years measured from the beginning of the plan year after the plan year in which the election is made. Each common stock unit under the Employee Deferral Plan entitles a participant to receive one share of Ashland common stock or the cash value thereof.
- F8Balance includes 52 additional Common Stock Units acquired in lieu of cash dividends paid on December 15, 2016 pursuant to Ashland's Deferred Compensation Plan (the "Plan") and exempt under Rule 16b-3. One (1) Common Stock Unit in the Plan is the equivalent of one (1) share of Ashland Common Stock.