SEC Form 4 · accession 0001127602-18-002149

ASHLAND INC. · ASH

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

Reporting owner

Anne T. Schumann

Officer — Senior Vice President

Period of report

Jan 16, 2018

Accepted (ET)

Jan 18, 2018 · 9:26 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 Stock^F2	Jan 16, 2018	S	1,071	$73.46	D	20,633	D
Common Stock^F2	Jan 16, 2018	S	949	$73.46	D	19,684	D
Common Stock^F2	Jan 16, 2018	S	3,366	$73.46	D	16,318	D
Common Stock^F2	Jan 16, 2018	S	3,121	$73.46	D	13,197	D
Common Stock^F2	Jan 16, 2018	M	6,215	$59.95	A	19,412	D
Common Stock^F2	Jan 16, 2018	M	6,073	$59.41	A	25,485	D
Common Stock^F2	Jan 16, 2018	M	4,378	$57.96	A	29,863	D
Common Stock^F2	Jan 16, 2018	F	5,073	$73.46	D	24,790	D
Common Stock^F2	Jan 16, 2018	F	4,912	$73.46	D	19,878	D
Common Stock^F2	Jan 16, 2018	F	3,455	$73.46	D	16,423	D
Common Stock^F2	Jan 17, 2018	S	1,142	$72.75	D	15,281	D
Common Stock^F2	Jan 17, 2018	S	1,161	$72.75	D	14,120	D
Common Stock^F2	Jan 17, 2018	S	923	$72.75	D	13,197	D
Common Stock^F6	holding	—	—		—	1,319	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	$59.95	Jan 16, 2018	M	6,215	D	Nov 12, 2015	Dec 12, 2024	Common Stock	6,215	0	D
Stock Appreciation Right^F8	$59.41	Jan 16, 2018	M	6,073	D	Nov 18, 2016	Dec 18, 2025	Common Stock	6,073	2,025	D
Stock Appreciation Right^F9	$57.96	Jan 16, 2018	M	4,378	D	Nov 16, 2017	Dec 16, 2026	Common Stock	4,378	4,379	D

Explanation of responses

F1The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2017.
F2Balance includes 8,089 shares of unvested Restricted Stock, of which 24 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.
F3Payment of exercise price by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 7 below.
F4Payment of exercise price by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 8 below.
F5Payment of exercise price by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 9 below.
F6Based on Employee Savings Plan information as of January 12, 2018, 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.