SEC Form 4 · accession 0001127602-18-034042
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Ganz
Officer — Senior Vice President
Period of report
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 8:57 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 16, 2018 | M | 1,096 | $82.30 | A | 42,382 | D | |
| Common Stock | Nov 16, 2018 | F | 306 | $82.30 | D | 42,076 | D | |
| Common Stock | Nov 19, 2018 | F | 3,673 | $80.32 | D | 38,403 | D | |
| Common Stock | Nov 19, 2018 | M | 1,220 | $80.32 | A | 39,623 | D | |
| Common Stock | Nov 19, 2018 | F | 523 | $80.32 | D | 39,100 | D | |
| Common Stock | Nov 19, 2018 | M | 2,323 | $80.32 | A | 41,423 | D | |
| Common Stock | Nov 19, 2018 | F | 996 | $80.32 | D | 40,427 | D | |
| Common Stock | Nov 19, 2018 | M | 2,249 | $80.32 | A | 42,676 | D | |
| Common Stock | Nov 19, 2018 | F | 964 | $80.32 | D | 41,712 | D |
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,F7 | — | Nov 16, 2018 | M | 1,096 | D | — | — | Common Stock | 1,096 | 11,548 | D |
| Restricted Stock UnitsF6,F8 | — | Nov 19, 2018 | M | 1,220 | D | — | — | Common Stock | 1,220 | 10,328 | D |
| Restricted Stock UnitsF6,F9 | — | Nov 19, 2018 | M | 2,323 | D | — | — | Common Stock | 2,323 | 8,005 | D |
| Restricted Stock UnitsF6,F10 | — | Nov 19, 2018 | M | 2,249 | D | — | — | Common Stock | 2,249 | 5,756 | D |
Explanation of responses
- F1Payment 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.
- F10Two thirds of the Reporting Persons 2016-2018 performance units converted to time-based stock-settled Restricted Stock Units based on performance of the 2016-2018 LTIP Plan and vests three years from the original grant date of 11/18/2015.
- F2Payment of tax liability by withholding securities incident to the vesting of Restricted Common Stock, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F3Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units referenced in footnote 8 below, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F4Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units referenced in footnote 9 below, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F5Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units referenced in footnote 10 below, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F6Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- 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 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.
- F8Grant 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.
- F9One third of the Reporting Persons 2016-2018 performance units converted to time-based stock-settled Restricted Stock Units at target and vests three years from the original grant date of 11/18/2015.