D. Scott Barbour - May 18, 2022 Form 4/A - Amendment Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role: President & Chief Executive Officer, Director
Signature: /s/ D. Scott Barbour, by Scott A. Cottrill as attorney-in-fact
Stock symbol: WMS
Transactions as of: May 18, 2022
Transactions value $: -$5,429,021
Form type: 4/A - Amendment
Date filed: 5/23/2022, 09:13 PM
Date Of Original Report: May 20, 2022
Previous filing: May 6, 2022
Next filing: Jun 1, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMS	Common Stock	Award	$0	+10.6K	+7.83%	$0.00	146K	May 18, 2022	Direct	F1, F2
transaction	WMS	Common Stock	Tax liability	-$4.36M	-43.9K	-30.16%	$99.29	102K	May 18, 2022	Direct	F3
transaction	WMS	Common Stock	Tax liability	-$240K	-2.41K	-2.37%	$99.29	99.3K	May 18, 2022	Direct	F4
transaction	WMS	Common Stock	Tax liability	-$289K	-2.78K	-2.8%	$103.88	96.5K	May 19, 2022	Direct
transaction	WMS	Common Stock	Tax liability	-$141K	-1.35K	-1.4%	$103.88	95.2K	May 19, 2022	Direct
transaction	WMS	Common Stock	Tax liability	-$397K	-3.79K	-3.98%	$104.91	91.4K	May 22, 2022	Direct
holding	WMS	Common Stock						8.92K	May 18, 2022	Reporting Person's Revocable Trust	F5
holding	WMS	Common Stock						82K	May 18, 2022	Reporting Person's Irrevocable Trust	F6
holding	WMS	Common Stock						10K	May 18, 2022	Spouse's Revocable Trust	F7
holding	WMS	Common Stock						50K	May 18, 2022	Spouse's Irrevocable Trust	F8

Showing 1 to 10 of 10 entries

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	Award	$0	+25.4K		$0.00	25.4K	May 18, 2022	Common Stock	25.4K	$99.29	Direct	F9, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Incorrectly reported on Form 4 as 10,324.
F2	Incorrectly reported on Form 4 as 145,417.
F3	Incorrectly reported on Form 4 as 101,477.
F4	Incorrectly reported on Form 4 as 99,064.
F5	Shares held in revocable trust for the benefit of the reporting person.
F6	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.
F7	Shares held in revocable trust for the benefit of the reporting person's spouse.
F8	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.
F9	Incorrectly reported on Form 4 as 24,757.
F10	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.

Remarks:

President & Chief Executive Officer