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Filing Details

Accession Number:: 0000919574-22-005568
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-09-15 19:29:57
Reporting Period:: 2022-09-13

Accepted Time:: 2022-09-15 19:29:57
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1604028	Advanced Drainage Systems Inc.	WMS	()	MA

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1267629	M Ross Jones	200 Clarendon Street, 35Th Floor Boston MA 02116		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2022-09-13	5,303	$135.51	3,367,257	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2022-09-13	47,180	$136.62	3,320,077	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2022-09-13	678	$137.65	3,319,399	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2022-09-14	56,788	$135.76	3,262,611	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2022-09-14	1,745	$136.50	3,260,866	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2022-09-15	21,135	$135.56	3,239,731	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2022-09-15	4,847	$136.00	3,234,884	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2022-09-13	83	$135.51	32,653	No	4	S	Indirect	Berkshire Investors III LLC
Common Stock	Disposition	2022-09-13	743	$136.62	31,910	No	4	S	Indirect	Berkshire Investors III LLC
Common Stock	Disposition	2022-09-13	11	$137.65	31,899	No	4	S	Indirect	Berkshire Investors III LLC
Common Stock	Disposition	2022-09-14	894	$135.76	31,005	No	4	S	Indirect	Berkshire Investors III LLC
Common Stock	Disposition	2022-09-14	27	$136.50	30,978	No	4	S	Indirect	Berkshire Investors III LLC
Common Stock	Disposition	2022-09-15	333	$135.56	30,645	No	4	S	Indirect	Berkshire Investors III LLC
Common Stock	Disposition	2022-09-15	76	$136.00	30,569	No	4	S	Indirect	Berkshire Investors III LLC
Common Stock	Disposition	2022-09-13	85	$135.51	30,996	No	4	S	Indirect	Berkshire Investors IV LLC
Common Stock	Disposition	2022-09-13	754	$136.62	30,242	No	4	S	Indirect	Berkshire Investors IV LLC
Common Stock	Disposition	2022-09-13	11	$137.65	30,231	No	4	S	Indirect	Berkshire Investors IV LLC
Common Stock	Disposition	2022-09-14	908	$135.76	29,323	No	4	S	Indirect	Berkshire Investors IV LLC
Common Stock	Disposition	2022-09-14	28	$136.50	29,295	No	4	S	Indirect	Berkshire Investors IV LLC
Common Stock	Disposition	2022-09-15	338	$135.56	28,957	No	4	S	Indirect	Berkshire Investors IV LLC
Common Stock	Disposition	2022-09-15	77	$136.00	28,880	No	4	S	Indirect	Berkshire Investors IV LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	Berkshire Investors III LLC
No	4	S	Indirect	Berkshire Investors III LLC
No	4	S	Indirect	Berkshire Investors III LLC
No	4	S	Indirect	Berkshire Investors III LLC
No	4	S	Indirect	Berkshire Investors III LLC
No	4	S	Indirect	Berkshire Investors III LLC
No	4	S	Indirect	Berkshire Investors III LLC
No	4	S	Indirect	Berkshire Investors IV LLC
No	4	S	Indirect	Berkshire Investors IV LLC
No	4	S	Indirect	Berkshire Investors IV LLC
No	4	S	Indirect	Berkshire Investors IV LLC
No	4	S	Indirect	Berkshire Investors IV LLC
No	4	S	Indirect	Berkshire Investors IV LLC
No	4	S	Indirect	Berkshire Investors IV LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	45,417	Direct

Footnotes

Represents shares held directly or indirectly by Berkshire Fund IX, L.P. ("BF IX"), Berkshire Fund IX-A, L.P. ("BF IX-A"), Stockbridge Fund, L.P. ("SF") and certain other accounts (collectively, the "Berkshire Entities"). Ninth Berkshire Associates LLC ("9BA") is the general partner of BF IX and BF IX-A, and Stockbridge Associates LLC ("SA") is the general partner of SF. Berkshire Partners LLC ("BP") is the investment adviser to BF IX and BF IX-A, and Stockbridge Partners LLC ("SP") is the investment adviser to SF and such certain other accounts. Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of BP and SP.
(continued from Footnote 1) The Reporting Person is a managing member of BPH, BPSP, BP, SP, 9BA and SA. By virtue of the relationships described in the preceding sentences, the Reporting Person may be deemed to share beneficial ownership with respect to the shares of common stock held by the Berkshire Entities. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
Represents shares held by Berkshire Investors III LLC ("BI III"). The Reporting Person is a managing member of BI III. By virtue of the relationship described in the preceding sentence, the Reporting Person may be deemed to share beneficial ownership with respect to the shares of common stock held by BI III. The Reporting Person disclaims beneficial ownership of the shares held by BI III, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
Represents shares held by Berkshire Investors IV LLC ("BI IV"). The Reporting Person is a managing member of BI IV. By virtue of the relationship described in the preceding sentence, the Reporting Person may be deemed to share beneficial ownership with respect to the shares of common stock held by BI IV. The Reporting Person disclaims beneficial ownership of the shares held by BI IV, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $135.5 to $136.4999. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $136.5 to $137.4999. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $137.5 to $138.05. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $135.5 to $136.4999. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $135 to $135.9999. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $136 to $136.0075. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.