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

Role: Vice President, Controller and Chief Accounting Officer
Signature: /s/ Tim A. Makowski, by Scott A. Cottrill as attorney-in-fact
Stock symbol: WMS
Transactions as of: May 18, 2022
Transactions value $: -$239,298
Form type: 4/A - Amendment
Date filed: 5/23/2022, 09:13 PM
Date Of Original Report: May 20, 2022
Previous filing: Aug 25, 2021
Next filing: Aug 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMS	Common Stock	Award	$0	+1.03K	+7.33%	$0.00	15.1K	May 18, 2022	Direct	F1, F2
transaction	WMS	Common Stock	Tax liability	-$192K	-1.93K	-12.81%	$99.29	13.2K	May 18, 2022	Direct	F3
transaction	WMS	Common Stock	Tax liability	-$10.2K	-103	-0.78%	$99.29	13.1K	May 18, 2022	Direct	F4
transaction	WMS	Common Stock	Tax liability	-$11.7K	-113	-0.86%	$103.88	13K	May 19, 2022	Direct
transaction	WMS	Common Stock	Tax liability	-$8.31K	-80	-0.62%	$103.88	12.9K	May 19, 2022	Direct
transaction	WMS	Common Stock	Tax liability	-$17K	-162	-1.26%	$104.91	12.7K	May 22, 2022	Direct

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	+2.42K	+4165.52%	$0.00	2.47K	May 18, 2022	Common Stock	2.47K	$99.29	Direct	F5, F6

* 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 1,008.
F2	Incorrectly reported on Form 4 as 15,078.
F3	Incorrectly reported on Form 4 as 13,144.
F4	Incorrectly reported on Form 4 as 13,041.
F5	Incorrectly reported on Form 4 as 2,416.
F6	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:

Vice President, Controller and Chief Accounting Officer