Seetharam Anil 4
4 · ADVANCED DRAINAGE SYSTEMS, INC. · Filed Aug 25, 2023
Insider Transaction Report
Form 4
Seetharam Anil
Director
Transactions
- Sale
Common Stock
2023-08-24$124.80/sh−5,000$624,021→ 1,289,571 total(indirect: See Footnote) - Sale
Common Stock
2023-08-23$125.45/sh−50,000$6,272,400→ 1,317,649 total(indirect: See Footnote) - Sale
Common Stock
2023-08-23$124.60/sh−100,000$12,459,570→ 1,367,649 total(indirect: See Footnote) - Sale
Common Stock
2023-08-25$122.90/sh−50,202$6,169,585→ 1,239,369 total(indirect: See Footnote) - Sale
Common Stock
2023-08-24$122.81/sh−23,078$2,834,290→ 1,294,571 total(indirect: See Footnote)
Holdings
- 11,026
Common Stock
- 1,196(indirect: By Trust)
Common Stock
Footnotes (7)
- [F1]Represents shares by Stockbridge Fund, L.P. ("SF") and certain other accounts (collectively, the "Berkshire Entities"). Stockbridge Associates LLC ("SA") is the general partner of SF. 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 SP.
- [F2](continued from Footnote 1) The Reporting Person is a managing member of BPH, BPSP, SP, 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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $124.1116 to $125.1115. 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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $125.1116 to $125.70. 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.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $122.5268 to $123.5267. 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.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $124.5268 to $124.8041. 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.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $122.7500 to $123.2500. 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.