SEC Form 4 · accession 0001127602-17-002691
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan Cummins
Director
Period of report
Jan 26, 2017
Accepted (ET)
Jan 27, 2017 · 5:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001674862
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1,F2 | — | Jan 26, 2017 | A | 946 | A | — | — | Common Stock | 946 | 7,771 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a right to receive cash compensation in an amount equal to the value of one (1) share of Ashland Common Stock on the vesting date.
- F2All Restricted Stock Units will vest on the earliest of (i) the Director's Retirement (as defined in Ashland's Incentive Plan), (ii) the Director's death or Disability (as defined in Ashland's Incentive Plan), or (iii) a 50% change in beneficial ownership of Ashland.
- F3The balance includes 23 additional Restricted Stock Units acquired in lieu of cash dividends paid on December 15, 2016.