SEC Form 4 · accession 0001127602-18-001126
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
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 4:50 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 | Jan 2, 2018 | M | 318 | $73.13 | A | 14,126 | D | |
| Common StockF2 | Jan 2, 2018 | F | 98 | $73.13 | D | 14,028 | D | |
| Common StockF4 | holding | — | — | — | 16,922 | I | 401(k) | |
| Common StockF5 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock UnitsF6,F7 | — | Jan 2, 2018 | M | 318 | D | — | — | Common Stock | 318 | 27,901 | 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.
- F2Balance includes 12,925 unvested shares of Restricted Stock. Balance also includes 39 shares of Restricted Stock paid in lieu of cash dividends on December 15, 2017.
- F3Payment of tax liability by withholding securities incident to the conversion of common stock units referenced in footnote (7) below.
- F4Based on Employee Savings Plan information as of December 31, 2017, the latest date for which such information is reasonably available.
- F5Shares accrued under third party trust.
- 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.