ASHLAND INC. 4
4 · ASHLAND INC. · Filed May 5, 2016
Insider Transaction Report
Form 4
ASHLAND INC.ASH
CUMMINS BRENDAN
Director
Transactions
- Award
Restricted Stock Units
2016-01-27$94.32/sh+1,166$109,977→ 6,747 total→ Common Stock (1,166 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
- [F2]Grant of Restricted Stock Units, pursuant to the 2015 Ashland Inc. Incentive Plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant will vest on the earlier of: (i) the Outside Director's Retirement, as defined in the Plan; (ii) the Outside Director's death or Disability, as defined in the Plan; or (iii) a 50% change in the beneficial ownership of Ashland Inc.as defined in Rule 13d-3 under the Securities Exchange Act of 1934.
- [F3]The balance includes 147 additional Restricted Stock Units acquired in lieu of cash dividends paid since March 16, 2014.