D. Scott Barbour - May 18, 2022 Form 4/A - Amendment Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Signature
/s/ D. Scott Barbour, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 18, 2022
Transactions value $
-$5,429,021
Form type
4/A - Amendment
Date filed
5/23/2022, 09:13 PM
Date Of Original Report
May 20, 2022
Previous filing
May 6, 2022
Next filing
Jun 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Award $0 +10.6K +7.83% $0.00 146K May 18, 2022 Direct F1, F2
transaction WMS Common Stock Tax liability -$4.36M -43.9K -30.16% $99.29 102K May 18, 2022 Direct F3
transaction WMS Common Stock Tax liability -$240K -2.41K -2.37% $99.29 99.3K May 18, 2022 Direct F4
transaction WMS Common Stock Tax liability -$289K -2.78K -2.8% $103.88 96.5K May 19, 2022 Direct
transaction WMS Common Stock Tax liability -$141K -1.35K -1.4% $103.88 95.2K May 19, 2022 Direct
transaction WMS Common Stock Tax liability -$397K -3.79K -3.98% $104.91 91.4K May 22, 2022 Direct
holding WMS Common Stock 8.92K May 18, 2022 Reporting Person's Revocable Trust F5
holding WMS Common Stock 82K May 18, 2022 Reporting Person's Irrevocable Trust F6
holding WMS Common Stock 10K May 18, 2022 Spouse's Revocable Trust F7
holding WMS Common Stock 50K May 18, 2022 Spouse's Irrevocable Trust F8

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 Award $0 +25.4K $0.00 25.4K May 18, 2022 Common Stock 25.4K $99.29 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Incorrectly reported on Form 4 as 10,324.
F2 Incorrectly reported on Form 4 as 145,417.
F3 Incorrectly reported on Form 4 as 101,477.
F4 Incorrectly reported on Form 4 as 99,064.
F5 Shares held in revocable trust for the benefit of the reporting person.
F6 Shares held in irrevocable spousal access trust established by the reporting person, of which the reporting person's spouse is a co-trustee. The beneficiaries of the irrevocable trust are the reporting person and his children.
F7 Shares held in revocable trust for the benefit of the reporting person's spouse.
F8 Shares held in irrevocable spousal access trust established by the reporting person's spouse, of which the reporting person is a co-trustee. The beneficiaries of the irerrevocable trust include the reporting person's spouse and his children.
F9 Incorrectly reported on Form 4 as 24,757.
F10 The options vest in three equal annual installments beginning on May 17, 2023, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Remarks:

President & Chief Executive Officer