SEC Form 4 · accession 0001127602-17-032384
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
Nov 15, 2017
Accepted (ET)
Nov 16, 2017 · 4:12 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 StockF2 | Nov 15, 2017 | S | 1,352 | $66.23 | D | 26,808 | D | |
| Common StockF3 | holding | — | — | — | 16,878 | I | 401(k) | |
| Common StockF4 | holding | — | — | — | 444 | I | Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Nov 15, 2017 | A | 5,150 | A | — | — | Common Stock | 5,150 | 21,724 | D |
| Stock Appreciation RightF7 | $67.16 | Nov 15, 2017 | A | 28,450 | A | Nov 15, 2018 | Dec 15, 2027 | Common Stock | 28,450 | 28,450 | D |
Explanation of responses
- F1The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2017.
- F2Balance includes 17,773 shares of unvested Restricted Stock.
- F3Based on Employee Savings Plan information as of September 30, 2017, the latest date for which such information is reasonably available.
- F4Shares accrued under third party trust as of September 30, 2017.
- F5Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- F6Grant 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.
- 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.