Craig J. Taylor - 31 May 2023 Form 3 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Executive Vice President
Signature
/s/ Craig J. Taylor
Issuer symbol
WMS
Transactions as of
31 May 2023
Net transactions value
$0
Form type
3
Filing time
09 Jun 2023, 17:52:32 UTC
Next filing
17 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WMS Common Stock 4,612 31 May 2023 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
holding WMS Option to Purchase Common Stock 31 May 2023 Common Stock 1,684 $41.85 Direct F1
holding WMS Option to Purchase Common Stock 31 May 2023 Common Stock 2,556 $41.97 Direct F2
holding WMS Option to Purchase Common Stock 31 May 2023 Common Stock 1,002 $105.82 Direct F3
holding WMS Option to Purchase Common Stock 31 May 2023 Common Stock 1,299 $99.29 Direct F4
holding WMS Option to Purchase Common Stock 31 May 2023 Common Stock 3,188 $96.51 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest in three equal annual installments beginning on February 3, 2021, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
F2 The options vest in three equal annual installments beginning on May 19, 2021, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
F3 The options vest in three equal annual installments beginning on May 18, 2022, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
F4 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.
F5 The options vest in three equal annual installments beginning on May 21, 2024, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Remarks:

See Exhibit 24, Power of Attorney, for potential future use on behalf of the Reporting Person.