SEC Form 4 · accession 0001127602-17-032398
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Heitman
Officer — Controller
Period of report
Nov 15, 2017
Accepted (ET)
Nov 16, 2017 · 4:18 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 UnitsF1,F2 | — | Nov 15, 2017 | A | 1,250 | A | — | — | Common Stock | 1,250 | 5,069 | D |
| Stock Appreciation RightF3 | $67.16 | Nov 15, 2017 | A | 6,700 | A | Nov 15, 2018 | Dec 15, 2027 | Common Stock | 6,700 | 6,700 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- F2Grant 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 installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.
- F3Stock 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.