TIM A. MAKOWSKI - 11 Aug 2022 Form 4 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
Issuer symbol
WMS
Transactions as of
11 Aug 2022
Net transactions value
-$705,023
Form type
4
Filing time
15 Aug 2022, 18:16:40 UTC
Previous filing
10 Aug 2022
Next filing
19 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $80,223 +3,315 +44% $24.20* 10,825 12 Aug 2022 Direct
transaction WMS Common Stock Options Exercise $60,040 +2,481 +23% $24.20* 13,306 12 Aug 2022 Direct
transaction WMS Common Stock Sale $845,286 -5,796 -44% $145.84 7,510 12 Aug 2022 Direct F1
holding WMS Common Stock 17,480 11 Aug 2022 By KSOP 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 Common Stock Options Exercise $0 -3,315 -100% $0.000000* 0 12 Aug 2022 Common Stock 3,315 $24.20 Direct F3
transaction WMS Common Stock Options Exercise $0 -2,481 -100% $0.000000* 0 12 Aug 2022 Common Stock 2,481 $24.20 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 $145.46 to $146.43, 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 Represents current allocation under KSOP.
F3 The options vested in three equal annual installments beginning on February 8, 2018.
F4 The options vested in five equal annual installments beginning on April 7, 2017.

Remarks:

Vice President, Controller and Chief Accounting Officer