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Filing Details

Accession Number:: 0000899243-21-023727
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-06-14 20:24:23
Reporting Period:: 2021-06-10

Accepted Time:: 2021-06-14 20:24:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1604028	Advanced Drainage Systems Inc.	WMS	Plastics Foam Products (3086)	510105665

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1614367	M Robert Klein	C/O Advanced Drainage Systems, Inc. 4640 Trueman Boulevard Hilliard OH 43026	Evp, Sales	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-06-10	9,234	$15.74	116,489	No	4	M	Direct
Common Stock	Acquisiton	2021-06-11	4,268	$25.75	120,757	No	4	M	Direct
Common Stock	Acquisiton	2021-06-11	4,297	$27.44	125,054	No	4	M	Direct
Common Stock	Acquisiton	2021-06-11	2,754	$41.97	127,808	No	4	M	Direct
Common Stock	Disposition	2021-06-11	12,775	$103.56	115,033	No	4	S	Direct
Common Stock	Disposition	2021-06-11	700	$104.14	114,333	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Option to Purchase Common Stock	Disposition	2021-06-10	9,234	$0.00	9,234	$15.74
Common Stock	Option to Purchase Common Stock	Disposition	2021-06-11	4,268	$0.00	4,268	$25.75
Common Stock	Option to Purchase Common Stock	Disposition	2021-06-11	4,297	$0.00	4,297	$27.44
Common Stock	Option to Purchase Common Stock	Disposition	2021-06-11	2,754	$0.00	2,754	$41.97

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,234	2024-03-31	No	4	M	Direct
0	2028-05-23	No	4	M	Direct
4,297	2029-05-21	No	4	M	Direct
5,508	2030-05-19	No	4	M	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.1000 to $104.0150, inclusive. The reporting person undertakes to provide to Advanced Drainage Systems, Inc., any security holder of Advanced Drainage Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.1300 to $104.1500, inclusive. The reporting person undertakes to provide to Advanced Drainage Systems, Inc., any security holder of Advanced Drainage Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4.
The options vest in three equal annual installments beginning on August 12, 2019, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
The options vested in three equal annual installments beginning on May 23, 2019.
The options vest in three equal annual installments beginning on May 21, 2020, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
The options vest in three equal annual installments beginning on May 19, 2021, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.