Kevin C. Talley - Jun 14, 2022 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
EVP and CAO
Signature
/s/ Kevin C. Talley
Stock symbol
WMS
Transactions as of
Jun 14, 2022
Transactions value $
-$1,758,575
Form type
4
Date filed
6/16/2022, 07:10 PM
Previous filing
May 23, 2022
Next filing
Aug 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $641K +47K +113.04% $13.64* 88.5K Jun 14, 2022 Direct
transaction WMS Common Stock Sale -$1.51M -16.7K -18.91% $90.18 71.8K Jun 14, 2022 Direct F1
transaction WMS Common Stock Sale -$890K -9.76K -13.59% $91.15 62K Jun 14, 2022 Direct F2
holding WMS Common Stock 21.3K Jun 14, 2022 By KSOP F3

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 -47K -100% $0.00* 0 Jun 14, 2022 Common Stock 47K $13.64 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 $89.695 to $90.69, 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 $90.70 to $91.39, 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 Represents current allocation under KSOP.
F4 The option vested in five equal annual installments beginning on September 1, 2014.