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Berkshire Partners Holdings LLC 4

Accession 0000919574-19-006273

CIK 0001604028other

View on SEC.gov Company Profile

Filed

Oct 6, 8:00 PM ET

Accepted

Oct 7, 7:05 PM ET

Size

30.2 KB

Accession

0000919574-19-006273

Insider Transaction Report

Form 4

Period: 2019-10-03

ADVANCED DRAINAGE SYSTEMS, INC.WMS

BPSP, L.P.

10% Owner

Transactions

Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)

Holdings

Common Stock
143,356
Common Stock
134,841

Berkshire Partners LLC

10% Owner

Transactions

Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)

Holdings

Common Stock
143,356
Common Stock
134,841

Stockbridge Partners LLC

10% Owner

Transactions

Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)

Holdings

Common Stock
143,356
Common Stock
134,841

Stockbridge Fund, L.P.

10% Owner

Transactions

Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)

Holdings

Common Stock
143,356
Common Stock
134,841

Berkshire Investors III LLC

10% Owner

Transactions

Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)

Holdings

Common Stock
134,841
Common Stock
143,356

Berkshire Fund IX, L.P.

10% Owner

Transactions

Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)

Holdings

Common Stock
143,356
Common Stock
134,841

Berkshire Fund IX-A, L.P.

10% Owner

Transactions

Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)

Holdings

Common Stock
143,356
Common Stock
134,841

Stockbridge Absolute Return Fund, L.P.

10% Owner

Transactions

Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)

Holdings

Common Stock
134,841
Common Stock
143,356

Berkshire Investors IV LLC

10% Owner

Transactions

Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)

Holdings

Common Stock
134,841
Common Stock
143,356

Berkshire Partners Holdings LLC

10% Owner

Transactions

Purchase
Common Stock
2019-10-04$32.41/sh+2,237$72,505→ 12,553,088 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-04$32.97/sh+9,373$309,045→ 12,562,461 total(indirect: See Footnote)
Purchase
Common Stock
2019-10-03$31.44/sh+85,400$2,684,797→ 12,550,851 total(indirect: See Footnote)

Holdings

Common Stock
143,356
Common Stock
134,841

Footnotes (8)

[F1]Represents shares that may be deemed to be indirectly beneficially owned by Berkshire Partners Holdings LLC ("BPH"), BPSP, L.P. ("BPSP"), Stockbridge Partners LLC ("SP") and Berkshire Partners LLC ("BP"). Berkshire Fund IX, L.P. ("BF IX") holds 6,015,089 shares of the Issuer's common stock, and Berkshire Fund IX-A, L.P. ("BF IX-A") holds 2,464,069 shares of the Issuer's common stock. Ninth Berkshire Associates LLC ("9BA") is the general partner of BF IX and BF IX-A. Stockbridge Fund, L.P. (f/k/a Stockbridge Special Situations Fund, L.P.) ("SF") holds 3,344,977 shares of the Issuer's common stock, Stockbridge Absolute Return Fund, L.P. ("SARF") holds 10,192 shares of the Issuer's common stock, and SP holds 728,134 shares of the Issuer's common stock on behalf of certain other accounts. Stockbridge Associates LLC ("SA") is the general partner of SF and SARF.
[F2](Continued from Footnote 1) BPH is the general partner of BPSP, which is the managing member of each of SP, the registered investment adviser of SF, SARF and certain other accounts holding shares of the Issuer, and BP, the registered investment adviser of BF IX and BF IX-A. As the managing member of SP and BP, BPSP may be deemed to beneficially own shares of common stock that are beneficially owned by SP and BP. As the general partner of BPSP, BPH may be deemed to beneficially own shares of common stock that are beneficially owned by BPSP. BPH, BPSP, BP, SP, 9BA and SA are under common control and may be deemed to be, but do not admit to being, a group for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Act"). Each of BPH, BPSP, BP, SP, 9BA and SA disclaims beneficial ownership of any securities except to the extent of its pecuniary interest therein.
[F3]Represents shares held directly by Berkshire Investors III LLC. Berkshire Investors III LLC may be deemed to be, but does not admit to being, a member of a group holding over 10% of the outstanding common stock of the Issuer for purposes of Section 13(d)(3) of the Act.
[F4]Represents shares held directly by Berkshire Investors IV LLC. Berkshire Investors IV LLC may be deemed to be, but does not admit to being, a member of a group holding over 10% of the outstanding common stock of the Issuer for purposes of Section 13(d)(3) of the Act.
[F5]The purchase reported on this Form 4 was effective pursuant to a Rule 10b5-1 trading plan adopted by SF and SARF on September 13, 2019.
[F6]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $31.2300 to $31.7200. 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 purchased at each separate price within the ranges set forth in this footnote.
[F7]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $31.8100 to $32.8099. 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 purchased at each separate price within the ranges set forth in this footnote.
[F8]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $32.8100 to $33.0000. 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 purchased at each separate price within the ranges set forth in this footnote.

Documents

1 file

4
ownership.xmlPrimary

Issuer

ADVANCED DRAINAGE SYSTEMS, INC.

CIK 0001604028

→

Entity typeother

Related Parties

filerCIK 0001597786

Filing Metadata

Form type: 4
Filed: Oct 6, 8:00 PM ET
Accepted: Oct 7, 7:05 PM ET
Size: 30.2 KB

View on SEC.gov