Key facts
- This page summarizes Berkshire Partners Holdings LLC's Form 4 filing for ADVANCED DRAINAGE SYSTEMS, INC. (WMS).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 16 Dec 2021, 15:51.
Berkshire Partners Holdings LLC - 14 Dec 2021 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- WMS
- Reported as of
- 14 Dec 2021
- Net transaction value
- -$93,937,500
- SEC form
- 4
- Accepted by SEC
- 16 Dec 2021, 15:51:34 UTC
- Prior SEC filing
- 15 Nov 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kenneth S. Bring, Managing Director of Berkshire Partners Holdings LLC
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Berkshire Partners Holdings LLC filed Form 4 for ADVANCED DRAINAGE SYSTEMS, INC. (WMS) on 16 Dec 2021.
Change
- Previous filing in this sequence was filed on 15 Nov 2021.
- Current net transaction value: -$93,937,500.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
WMS
transaction
Common Stock
Sale
- Transaction value
- $91,403,692
- Shares
- -729,770
- Change %
- -10%
- Price
- $125.25
- Shares after
- 6,367,265
- Date
- 14 Dec 2021
- Ownership
- See Footnote
- Footnotes
- F1, F2
WMS
transaction
Common Stock
Sale
- Transaction value
- $1,266,778
- Shares
- -10,114
- Change %
- -14%
- Price
- $125.25
- Shares after
- 63,995
- Date
- 14 Dec 2021
- Ownership
- Direct
- Footnotes
- F3
WMS
transaction
Common Stock
Sale
- Transaction value
- $1,267,029
- Shares
- -10,116
- Change %
- -14%
- Price
- $125.25
- Shares after
- 62,107
- Date
- 14 Dec 2021
- Ownership
- Direct
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Berkshire Partners Holdings LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Represents shares that may be deemed to be indirectly beneficially owned by Berkshire Partners Holdings LLC ("BPH"), BPSP, L.P. ("BPSP"), Stockbridge Partners LLC ("SP") and Berkshire Partners LLC ("BP"). Berkshire Fund IX, L.P. ("BF IX") holds 2,718,554 shares of the Issuer's common stock, and Berkshire Fund IX-A, L.P. ("BF IX-A") holds 1,113,650 shares of the Issuer's common stock. Ninth Berkshire Associates LLC ("9BA") is the general partner of BF IX and BF IX-A. Stockbridge Fund, L.P. (f/k/a Stockbridge Special Situations Fund, L.P.) ("SF") holds 2,256,521 shares of the Issuer's common stock, Stockbridge Absolute Return Fund, L.P. ("SARF") holds 6,154 shares of the Issuer's common stock, and SP holds 272,386 shares of the Issuer's common stock on behalf of certain other accounts. Stockbridge Associates LLC ("SA") is the general partner of SF and SARF.
Footnote F2
(Continued from Footnote 1) BPH is the general partner of BPSP, which is the managing member of each of SP, the registered investment adviser of SF, SARF and certain other accounts holding shares of the Issuer, and BP, the registered investment adviser of BF IX and BF IX-A. As the managing member of SP and BP, BPSP may be deemed to beneficially own shares of common stock that are beneficially owned by SP and BP. As the general partner of BPSP, BPH may be deemed to beneficially own shares of common stock that are beneficially owned by BPSP. BPH, BPSP, BP, SP, 9BA and SA are under common control and may be deemed to be, but do not admit to being, a group for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Act"). Each of BPH, BPSP, BP, SP, 9BA and SA disclaims beneficial ownership of any securities except to the extent of its pecuniary interest therein.
Footnote F3
Represents shares held directly by Berkshire Investors III LLC. Berkshire Investors III LLC may be deemed to be, but does not admit to being, a member of a group holding over 10% of the outstanding common stock of the Issuer for purposes of Section 13(d)(3) of the Act.
Footnote F4
Represents shares held directly by Berkshire Investors IV LLC. Berkshire Investors IV LLC may be deemed to be, but does not admit to being, a member of a group holding over 10% of the outstanding common stock of the Issuer for purposes of Section 13(d)(3) of the Act.