LEEUWENBURG EWOUT 4

4 · ADVANCED DRAINAGE SYSTEMS, INC. · Filed Jun 1, 2020

Insider Transaction Report

Form 4

Period: 2020-05-28

ADVANCED DRAINAGE SYSTEMS, INC.WMS

LEEUWENBURG EWOUT

SVP, International

Transactions

Exercise/Conversion
Common Stock
[F1]
2020-05-28$24.20/sh+15,646$378,633→ 58,696 total
Exercise/Conversion
Common Stock
[F1]
2020-05-28$25.75/sh+4,268$109,901→ 62,964 total
Exercise/Conversion
Common Stock
[F1]
2020-05-28$27.44/sh+2,006$55,045→ 64,970 total
Sale
Common Stock
[F2]
2020-05-28$45.62/sh−21,520$981,729→ 43,450 total
Sale
Common Stock
[F3]
2020-05-28$46.27/sh−400$18,506→ 43,050 total
Exercise/Conversion
Option to Purchase Common Stock
[F4]
2020-05-28−15,646→ 0 total
Exercise: $24.20Exp: 2026-03-31→ Common Stock (15,646 underlying)
Exercise/Conversion
Option to Purchase Common Stock
[F5]
2020-05-28−4,268→ 2,134 total
Exercise: $25.75Exp: 2028-05-23→ Common Stock (4,268 underlying)
Exercise/Conversion
Option to Purchase Common Stock
[F6]
2020-05-28−2,006→ 4,010 total
Exercise: $27.44Exp: 2029-05-21→ Common Stock (2,006 underlying)

Footnotes (6)

[F1]Reflects the exercise by the Reporting Person of stock options (right to buy) previously granted by the Issuer.
[F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.24 to $46.21, 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.
[F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.26 to $46.27, 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 (3) to this Form 4.
[F4]The option will vest in three equal annual installments beginning on February 8, 2018, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
[F5]The option will vest in three equal annual installments beginning on May 23, 2019, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date
[F6]The option will 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.

Signature

/s/ Ewout Leeuwenburg, by Scott A. Cottrill as attorney-in-fact|2020-06-01

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION