| Accession Number: | 0000899243-20-016566 |
| Date: | 2020-06-11 |
| Issuer: | ADVANCED DRAINAGE SYSTEMS, INC. (WMS) |
| Original Submission Date: |
KLEIN ROBERT M
C/O ADVANCED DRAINAGE SYSTEMS, INC.
4640 TRUEMAN BOULEVARD
HILLIARD, OH 43026
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | 2020-06-11 | M | 9,235 | a | $15.74 | 181,862 | direct | ||
| COMMON STOCK | 2020-06-11 | M | 23,469 | a | $24.20 | 205,331 | direct | ||
| COMMON STOCK | 2020-06-11 | M | 8,537 | a | $25.75 | 213,868 | direct | ||
| COMMON STOCK | 2020-06-11 | M | 4,297 | a | $27.44 | 218,165 | direct |
| Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OPTION TO PURCHASE COMMON STOCK | 15.74 | 2020-06-11 | deemed execution date | M | 9,235 (d) | 2024-03-31 | common stock 9,235 | $15.74 | 18,468 | direct | ||
| OPTION TO PURCHASE COMMON STOCK | 24.2 | 2020-06-11 | deemed execution date | M | 23,469 (d) | 2026-03-31 | common stock 23,469 | $24.20 | 0 | direct | ||
| OPTION TO PURCHASE COMMON STOCK | 25.75 | 2020-06-11 | deemed execution date | M | 8,537 (d) | 2028-05-23 | common stock 8,537 | $25.75 | 4,268 | direct | ||
| OPTION TO PURCHASE COMMON STOCK | 27.44 | 2020-06-11 | deemed execution date | M | 4,297 (d) | 2029-05-21 | common stock 4,297 | $27.44 | 8,594 | direct |
| ID | footnote |
|---|---|
| f1 | reflects the exercise by the reporting person of stock options (right to buy) previously granted by the issuer. |
| f2 | 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. |
| f3 | the options vest in three equal annual installments beginning on february 8, 2018, 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 23, 2019, 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, 2020, provided that the reporting person remains continuously employed by the issuer through each applicable vesting date. |
