SEC Form 4 · accession 0001127602-18-033857
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
Nov 15, 2018
Accepted (ET)
Nov 19, 2018 · 8:45 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 StockF1 | Nov 15, 2018 | M | 1,737 | $82.34 | A | 15,885 | D | |
| Common StockF1 | Nov 15, 2018 | F | 510 | $82.34 | D | 15,375 | D | |
| Common StockF2 | holding | — | — | — | 17,710 | I | 401(k) | |
| Common StockF3 | holding | — | — | — | 0 | I | Trust |
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 | 1,737 | D | — | — | Common Stock | 1,737 | 20,434 | D |
Explanation of responses
- F1Balance includes 13,045 unvested shares of Restricted Stock. Balance also includes shares of restricted stock acquired in lieu of cash dividends, 39 shares acquired on December 15, 2017; 41 shares acquired on March 15, 2018; 41 shares acquired on June 15, 2018 and 38 shares acquired on September 15, 2018.
- F2Based on Employee Savings Plan information as of October 31, 2018, the latest date for which such information is reasonably available.
- F3Ashland Global Holdings Inc. ("Ashland") distributed to its stockholders on May 12, 2017, 170,000,000 shares of Valvoline Inc. ("Valvoline") common stock as a pro rata dividend. As previously reported, in connection with the separation of Ashland and Valvoline, half of Mr. Willis's LESOP account was transferred to Valvoline and was required by law to be sold over time beginning as early as November 30, 2017. Ashland has previously reported such amount of 444 shares as an indirect interest under a trust. Ashland was informed on January 4, 2018, that the trustee sold the Ashland LESOP shares held by Mr. Willis under the Valvoline 401(k) Plan on December 26, 2017 and Mr. Willis therefore no longer owns any Ashland shares in the Valvoline 401(k) Plan trust.
- 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, 32 shares acquired on December 15, 2017; 33 shares acquired on March 15, 2018; 33 shares acquired on June 15, 2018 and 32 shares acquired on September 15, 2018.