KEVIN C. TALLEY - 08 Nov 2021 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Signature
/s/ Kevin C. Talley, by Scott A. Cottrill as attorney-in-fact
Issuer symbol
WMS
Transactions as of
08 Nov 2021
Transactions value $
-$6,824,871
Form type
4
Filing time
10 Nov 2021, 15:42:14 UTC
Previous filing
16 Sep 2021
Next filing
23 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $818K +60K +185.34% $13.64* 92.4K 08 Nov 2021 Direct
transaction WMS Common Stock Sale -$714K -5.7K -6.17% $125.29 86.7K 08 Nov 2021 Direct F1
transaction WMS Common Stock Sale -$1.71M -13.6K -15.66% $126.22 73.1K 08 Nov 2021 Direct F2
transaction WMS Common Stock Sale -$2.12M -16.7K -22.85% $127.19 56.4K 08 Nov 2021 Direct F3
transaction WMS Common Stock Sale -$1.77M -13.8K -24.43% $128.43 42.6K 08 Nov 2021 Direct F4
transaction WMS Common Stock Sale -$1.32M -10.2K -24.04% $129.02 32.4K 08 Nov 2021 Direct F5

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 -60K -56.09% $0.00 47K 08 Nov 2021 Common Stock 60K $13.64 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 $124.72 to $125.515, 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 $125.715 to $126.67, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.72 to $127.70, 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 (3) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.75 to $128.70, 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 (4) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.74 to $129.38, 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 (5) to this Form 4.
F6 The option vested in five equal annual installments beginning on September 1, 2014.