SEC Form 4 · accession 0001127602-18-034054
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith C Silverman
Officer — Vice President
Period of report
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 9:19 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 | 193 | $82.30 | A | 3,380 | D | |
| Common Stock | Nov 16, 2018 | F | 67 | $82.30 | D | 3,313 | D | |
| Common Stock | Nov 16, 2018 | M | 917 | $57.96 | A | 4,230 | D | |
| Common Stock | Nov 16, 2018 | F | 741 | $81.94 | D | 3,489 | D | |
| Common Stock | Nov 16, 2018 | S | 322 | $81.57 | D | 3,167 | D | |
| Common Stock | Nov 19, 2018 | M | 235 | $80.32 | A | 3,402 | D | |
| Common Stock | Nov 19, 2018 | F | 81 | $80.32 | D | 3,321 | D | |
| Common Stock | Nov 19, 2018 | M | 440 | $80.32 | A | 3,761 | D | |
| Common Stock | Nov 19, 2018 | F | 151 | $80.32 | D | 3,610 | D | |
| Common Stock | Nov 19, 2018 | M | 848 | $59.41 | A | 4,458 | D | |
| Common Stock | Nov 19, 2018 | F | 696 | $81.84 | D | 3,762 | D | |
| Common Stock | Nov 19, 2018 | S | 176 | $81.84 | D | 3,586 | D | |
| Common Stock | Nov 19, 2018 | M | 426 | $80.32 | A | 4,012 | D | |
| Common Stock | Nov 19, 2018 | F | 146 | $80.32 | D | 3,866 | D | |
| Common StockF8 | 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 UnitsF9,F10 | — | Nov 16, 2018 | M | 193 | D | — | — | Common Stock | 193 | 5,112 | D |
| Stock Appreciation RightF11 | $57.96 | Nov 16, 2018 | M | 917 | D | Nov 16, 2017 | Dec 16, 2026 | Common Stock | 917 | 919 | D |
| Restricted Stock UnitsF9,F12 | — | Nov 19, 2018 | M | 235 | D | — | — | Common Stock | 235 | 4,877 | D |
| Restricted Stock UnitsF9,F13 | — | Nov 19, 2018 | M | 440 | D | — | — | Common Stock | 440 | 4,437 | D |
| Stock Appreciation RightF14 | $59.41 | Nov 19, 2018 | M | 848 | D | Nov 18, 2016 | Dec 18, 2025 | Common Stock | 848 | 0 | D |
| Restricted Stock UnitsF9,F15 | — | Nov 19, 2018 | M | 426 | D | — | — | Common Stock | 426 | 4,011 | D |
Explanation of responses
- F1Payment 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.
- F10Grant 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.
- F11Stock 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.
- F12Grant 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.
- F13One 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.
- F14Stock 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.
- F15Two 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 exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 11 below.
- F3The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 6, 2018.
- F4Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units referenced in footnote 12 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 13 below, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F6Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 14 below.
- F7Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units referenced in footnote 15 below, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
- F8Based on Employee Savings Plan information as of October 31, 2018, the latest date for which such information is reasonably available.
- F9Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.