ROBERT M. KLEIN - 10 Jun 2021 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
EVP, Sales
Signature
/s/ Robert M. Klein
Issuer symbol
WMS
Transactions as of
10 Jun 2021
Transactions value $
-$907,198
Form type
4
Filing time
14 Jun 2021, 20:24:23 UTC
Previous filing
25 May 2021
Next filing
22 Dec 2021
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 $145K +9.23K +8.61% $15.74* 116K 10 Jun 2021 Direct
transaction WMS Common Stock Options Exercise $110K +4.27K +3.66% $25.75* 121K 11 Jun 2021 Direct
transaction WMS Common Stock Options Exercise $118K +4.3K +3.56% $27.44* 125K 11 Jun 2021 Direct
transaction WMS Common Stock Options Exercise $116K +2.75K +2.2% $41.97 128K 11 Jun 2021 Direct
transaction WMS Common Stock Sale -$1.32M -12.8K -10% $103.56 115K 11 Jun 2021 Direct F1
transaction WMS Common Stock Sale -$72.9K -700 -0.61% $104.14 114K 11 Jun 2021 Direct 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 Option to Purchase Common Stock Options Exercise $0 -9.23K -50% $0.00 9.23K 10 Jun 2021 Common Stock 9.23K $15.74 Direct F3
transaction WMS Option to Purchase Common Stock Options Exercise $0 -4.27K -100% $0.00* 0 11 Jun 2021 Common Stock 4.27K $25.75 Direct F4
transaction WMS Option to Purchase Common Stock Options Exercise $0 -4.3K -50% $0.00 4.3K 11 Jun 2021 Common Stock 4.3K $27.44 Direct F5
transaction WMS Option to Purchase Common Stock Options Exercise $0 -2.75K -33.33% $0.00 5.51K 11 Jun 2021 Common Stock 2.75K $41.97 Direct F6
* 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 $103.1000 to $104.0150, 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 $104.1300 to $104.1500, 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 The options vest in three equal annual installments beginning on August 12, 2019, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
F4 The options vested in three equal annual installments beginning on May 23, 2019.
F5 The options vest in three equal annual installments beginning on May 21, 2020, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
F6 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.