SEC Form 4 · accession 0001127602-18-003546
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Heitman
Officer — Controller
Period of report
Feb 1, 2018
Accepted (ET)
Feb 2, 2018 · 2:07 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 | Feb 1, 2018 | M | 4,614 | $29.50 | A | 15,152 | D | |
| Common Stock | Feb 1, 2018 | M | 5,462 | $37.37 | A | 20,614 | D | |
| Common Stock | Feb 1, 2018 | M | 5,273 | $47.63 | A | 25,887 | D | |
| Common Stock | Feb 1, 2018 | F | 4,159 | $70.15 | D | 21,728 | D | |
| Common Stock | Feb 1, 2018 | F | 3,782 | $70.16 | D | 17,946 | D | |
| Common Stock | Feb 1, 2018 | F | 2,913 | $70.10 | D | 15,033 | D | |
| Common StockF4 | Feb 1, 2018 | S | 4,495 | $70.31 | D | 10,538 | D | |
| Common StockF5 | holding | — | — | — | 326 | 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 | $29.50 | Feb 1, 2018 | M | 4,614 | D | Dec 2, 2012 | Jan 2, 2022 | Common Stock | 4,614 | 0 | D |
| Stock Appreciation Right | $37.37 | Feb 1, 2018 | M | 5,462 | D | Nov 14, 2013 | Dec 14, 2022 | Common Stock | 5,462 | 0 | D |
| Stock Appreciation Right | $47.63 | Feb 1, 2018 | M | 5,273 | D | Nov 13, 2014 | Dec 13, 2023 | Common Stock | 5,273 | 0 | D |
Explanation of responses
- F1Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 8 below.
- F2Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 7 below.
- F3Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 6 below.
- F4The price reported in column 4 is a weighted average price. These shares were sold in multiple lots ranging from $70.28 to $70.34, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price in this footnote.
- F5Based on Employee Savings Plan information as of January 12, 2018, the latest date for which such information is reasonably available.
- F6Stock 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.
- 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.