SEC Form 4 · accession 0001127602-19-005352
ASHLAND INC. · ASH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan Cummins
Director
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 3:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001674862
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1,F2 | — | Feb 8, 2019 | A | 1,413 | A | — | — | Common Stock | 1,413 | 17,899 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a right to receive the cash compensation in an amount equal to the value of one (1) share of Ashland Global Holdings Inc. Common Stock multiplied by the closing stock price for Ashland Common Stock on the NYSE on the vesting date.
- F2All Restricted Stock Units will vest on the earliest of (i) the Director's Retirement (as defined in Ashland's Incentive Plan), (ii) the Director's death or Disability (as defined in Ashland's Incentive Plan), or (iii) a 50% change in beneficial ownership of Ashland.
- F3The balance includes 52 additional Restricted Stock Units acquired in lieu of cash dividends on March 15, 2018, 52 additional Restricted Stock Units acquired in lieu of cash dividends on June 15, 2018, 49 additional Restricted Stock Units acquired in lieu of cash dividends on September 15, 2018 and 49 additional Restricted Stock Units acquired in lieu of cash dividends on December 15, 2018.