SEC Form 4 · accession 0001127602-18-033856
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Keith C Silverman
Officer — Vice President
Period of report
Nov 15, 2018
Accepted (ET)
Nov 19, 2018 · 8:40 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 | Nov 15, 2018 | M | 370 | $82.34 | A | 1,728 | D | |
| Common Stock | Nov 15, 2018 | F | 127 | $82.34 | D | 1,601 | D | |
| Common Stock | Nov 15, 2018 | M | 1,923 | $82.34 | A | 3,524 | D | |
| Common Stock | Nov 15, 2018 | F | 659 | $82.34 | D | 2,865 | D | |
| Common Stock | Nov 15, 2018 | M | 2,950 | $67.16 | A | 5,815 | D | |
| Common StockF3 | holding | — | — | — | 1,076 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F4,F5 | — | Nov 15, 2018 | M | 370 | D | — | — | Common Stock | 370 | 7,228 | D |
| Restricted Stock UnitsF6,F4,F7 | — | Nov 15, 2018 | M | 1,923 | D | — | — | Common Stock | 1,923 | 5,305 | D |
| Stock Appreciation Right | $67.16 | Nov 15, 2018 | M | 2,950 | D | Nov 15, 2018 | Dec 15, 2027 | Common Stock | 2,950 | 2,950 | D |
Explanation of responses
- F1Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units referenced in footnote 5 below, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F2Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units referenced in footnote 7 below, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F3Based on Employee Savings Plan information as of October 31, 2018, the latest date for which such information is reasonably available.
- F4Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- F5Grant 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.
- F6Balance also includes shares of restricted stock units acquired in lieu of cash dividends, 16 shares acquired on December 15, 2017; 17 shares acquired on March 15, 2018; 17 shares acquired on June 15, 2018 and 17 shares acquired on September 15, 2018.
- F7Grant 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 50% beginning one year from the date of grant, 25% the second year and the remaining 25% the third year, provided that the Reporting Person remains in continuous employment with the Issuer.