Darin S. Harvey - May 26, 2021 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
EVP, Supply Chain & Logistics
Signature
/s/ Darin S. Harvey, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 26, 2021
Transactions value $
-$504,411
Form type
4
Date filed
5/28/2021, 05:00 PM
Previous filing
May 25, 2021
Next filing
Aug 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $107K +3.91K +29.91% $27.44* 17K May 26, 2021 Direct
transaction WMS Common Stock Sale -$445K -3.91K -23.02% $113.84 13.1K May 26, 2021 Direct F1
transaction WMS Common Stock Options Exercise $97.5K +2.32K +17.8% $41.97 15.4K May 26, 2021 Direct
transaction WMS Common Stock Sale -$264K -2.32K -15.11% $113.80 13.1K May 26, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WMS Option to Purchase Common Stock Options Exercise $0 -3.91K -50% $0.00 3.91K May 26, 2021 Common Stock 3.91K $27.44 Direct F3
transaction WMS Option to Purchase Common Stock Options Exercise $0 -2.32K -33.34% $0.00 4.65K May 26, 2021 Common Stock 2.32K $41.97 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.69 to $114.37, 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 (1) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.70 to $113.87, 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 options 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.
F4 The options vest in three equal annual installments beginning on May 19, 2021, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.