SEC Form 4 · accession 0001127602-17-014682

ASHLAND INC. · ASH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Anne T. Schumann

Officer — Vice President

Period of report

Apr 10, 2017

Accepted (ET)

Apr 12, 2017 · 5:07 pm EDT

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^F2	Apr 10, 2017	M	6,300	$70.37	A	16,573	D
Common Stock^F2	Apr 10, 2017	M	2,550	$89.69	A	19,123	D
Common Stock^F2	Apr 10, 2017	M	850	$89.69	A	19,973	D
Common Stock^F2	Apr 10, 2017	S	1,369	$125.07	D	10,459	D
Common Stock^F2	Apr 10, 2017	S	186	$125.07	D	10,273	D
Common Stock^F2	Apr 10, 2017	F	4,486	$125.07	D	15,487	D
Common Stock^F2	Apr 10, 2017	F	2,074	$125.07	D	13,413	D
Common Stock^F2	Apr 10, 2017	F	692	$125.07	D	12,721	D
Common Stock^F2	Apr 11, 2017	S	1,814	$126.00	D	10,907	D
Common Stock^F2	Apr 11, 2017	S	476	$126.00	D	10,431	D
Common Stock^F2	Apr 11, 2017	S	158	$126.00	D	10,273	D
Common Stock^F6	holding	—	—		—	1,308	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
Stock Appreciation Right^F7	$70.37	Apr 10, 2017	M	6,300	D	Nov 14, 2013	Dec 14, 2022	Common Stock	6,300	0	D
Stock Appreciation Right^F7	$89.69	Apr 10, 2017	M	2,550	D	Nov 13, 2014	Dec 13, 2023	Common Stock	2,550	850	D
Stock Appreciation Right^F7	$89.69	Apr 10, 2017	M	850	D	Nov 13, 2014	Dec 13, 2023	Common Stock	850	0	D

Explanation of responses

F1The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2017.
F2Balance includes 5,443 shares of unvested Restricted Stock, of which 33 additional shares were acquired in lieu of cash dividends (exempt pursuant to Rule 16b-3) pursuant to Ashland's plans and applicable restricted stock agreements (17 on December 15, 2016 and 16 on March 15, 2017).
F3Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 7 below.
F4Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 8 below.
F5Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 9 below.
F6Based on Employee Savings Plan information as of April 11, 2017, the latest date for which such information is reasonably available.
F7Stock 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.
F8Stock 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.
F9Stock 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.