Filing Details

Accession Number:
0000919574-19-006273
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-10-07 19:05:23
Reporting Period:
2019-10-03
Accepted Time:
2019-10-07 19:05:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1604028 Advanced Drainage Systems Inc. WMS () MA
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1312988 Berkshire Partners Llc 200 Clarendon Street, 35Th Floor
Boston MA 02116
No No Yes No
1501625 Stockbridge Fund, L.p. 200 Clarendon Street
Boston MA 02116
No No Yes No
1505182 Stockbridge Absolute Return Fund, L.p. 200 Clarendon Street
35Th Floor
Boston MA 02116
No No Yes No
1505183 Stockbridge Partners Llc 200 Clarendon Street
35Th Floor
Boston MA 02116
No No Yes No
1505184 Berkshire Investors Iii Llc 200 Clarendon Street, 35Th Floor
Boston MA 02116
No No Yes No
1505185 Berkshire Investors Iv Llc 200 Clarendon Street
35Th Floor
Boston MA 02116
No No Yes No
1597786 Berkshire Partners Holdings Llc 200 Clarendon Street, 35Th Floor
Boston MA 02116
No No Yes No
1597787 Bpsp, L.p. 200 Clarendon Street, 35Th Floor
Boston MA 02116
No No Yes No
1658315 Berkshire Fund Ix, L.p. C/O Ninth Berkshire Associates Llc
200 Clarendon Street
Boston MA 02116
No No Yes No
1658319 Berkshire Fund Ix-A, L.p. C/O Ninth Berkshire Associates Llc
200 Clarendon Street
Boston MA 02116
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-10-03 85,400 $31.44 12,550,851 No 4 P Indirect See Footnote
Common Stock Acquisiton 2019-10-04 2,237 $32.41 12,553,088 No 4 P Indirect See Footnote
Common Stock Acquisiton 2019-10-04 9,373 $32.97 12,562,461 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 143,356 Direct
Common Stock 134,841 Direct
Footnotes
  1. 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 6,015,089 shares of the Issuer's common stock, and Berkshire Fund IX-A, L.P. ("BF IX-A") holds 2,464,069 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 3,344,977 shares of the Issuer's common stock, Stockbridge Absolute Return Fund, L.P. ("SARF") holds 10,192 shares of the Issuer's common stock, and SP holds 728,134 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.
  2. (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.
  3. 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.
  4. 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.
  5. The purchase reported on this Form 4 was effective pursuant to a Rule 10b5-1 trading plan adopted by SF and SARF on September 13, 2019.
  6. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $31.2300 to $31.7200. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer 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 this footnote.
  7. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $31.8100 to $32.8099. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer 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 this footnote.
  8. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $32.8100 to $33.0000. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer 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 this footnote.