D. Scott Barbour - Sep 13, 2022 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
President and Chief Executive, Director
Signature
/s/ D. Scott Barbour, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
Sep 13, 2022
Transactions value $
$0
Form type
4
Date filed
9/14/2022, 04:05 PM
Previous filing
Sep 6, 2022
Next filing
Nov 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Gift $0 -2.5K -3.22% $0.00 75.1K Sep 13, 2022 Reporting Person's Revocable Trust F1, F2
transaction WMS Common Stock Gift $0 +2.5K +3.05% $0.00 84.5K Sep 13, 2022 Reporting Person's Irrevocable Trust F1, F3
transaction WMS Common Stock Gift $0 -2.5K -25% $0.00 7.5K Sep 13, 2022 Spouse's Revocable Trust F4, F5
transaction WMS Common Stock Gift $0 +2.5K +5% $0.00 52.5K Sep 13, 2022 Spouse's Irrevocable Trust F4, F6
holding WMS Common Stock 22.7K Sep 13, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 13, 2022, the revocable trust for the benefit of the reporting person contributed 2,500 shares of common stock of Advanced Drainage Systems, Inc. ("ADS") to an 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.
F2 Shares held in revocable trust for the benefit of the reporting person.
F3 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.
F4 On September 13, 2022, the revocable trust for the benefit of the reporting person's spouse contributed 2,500 shares of common stock of ADS to an 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.
F5 Shares held in revocable trust for the benefit of the reporting person's spouse.
F6 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.