SEC Form 4 · accession 0001127602-18-034049
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William A Wulfsohn
Officer — Chief Executive Officer · Director
Period of report
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 9:10 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 | 6,282 | $82.30 | A | 113,296 | D | |
| Common Stock | Nov 16, 2018 | F | 2,763 | $82.30 | D | 110,533 | D | |
| Common Stock | Nov 19, 2018 | M | 7,070 | $80.32 | A | 117,603 | D | |
| Common Stock | Nov 19, 2018 | F | 3,110 | $80.32 | D | 114,493 | D | |
| Common Stock | Nov 19, 2018 | M | 13,561 | $80.32 | A | 128,054 | D | |
| Common Stock | Nov 19, 2018 | F | 5,965 | $80.32 | D | 122,089 | D | |
| Common Stock | Nov 19, 2018 | M | 13,127 | $80.32 | A | 135,216 | D | |
| Common Stock | Nov 19, 2018 | F | 5,774 | $80.32 | D | 129,442 | 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 UnitsF5,F6 | — | Nov 16, 2018 | M | 6,282 | D | — | — | Common Stock | 6,282 | 66,764 | D |
| Restricted Stock UnitsF5,F7 | — | Nov 19, 2018 | M | 7,070 | D | — | — | Common Stock | 7,070 | 59,694 | D |
| Restricted Stock UnitsF5,F8 | — | Nov 19, 2018 | M | 13,561 | D | — | — | Common Stock | 13,561 | 46,133 | D |
| Restricted Stock UnitsF5,F9 | — | Nov 19, 2018 | M | 13,127 | D | — | — | Common Stock | 13,127 | 33,006 | D |
Explanation of responses
- F1Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units referenced in footnote 6 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.
- 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.
- F5Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- F6Grant 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.
- 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.
- F8One 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.
- F9Two 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.