Filing Details

Accession Number:
0000919574-23-005142
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-07 21:28:31
Reporting Period:
2023-09-05
Accepted Time:
2023-09-07 21:28:31
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
1267629 M Ross Jones 200 Clarendon Street, 35Th Floor
Boston MA 02116
Yes No No 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 Disposition 2023-09-05 50,000 $128.27 964,369 No 4 S Indirect See Footnote
Common Stock Disposition 2023-09-06 50,000 $126.56 914,369 No 4 S Indirect See Footnote
Common Stock Disposition 2023-09-07 71,474 $126.53 842,895 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 70,749 Direct
Footnotes
  1. Represents shares by Stockbridge Fund, L.P. ("SF"). Stockbridge Associates LLC ("SA") is the general partner of SF. Stockbridge Partners LLC ("SP") is the investment adviser to SF. Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of SP.
  2. (continued from Footnote 1) The Reporting Person is a managing member of BPH, BPSP, SP, and SA. By virtue of the relationships described in the preceding sentences, the Reporting Person may be deemed to share beneficial ownership with respect to the shares of common stock held by SF. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $128.06 to $128.5894. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and ExchangeCommission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $126.3907 to $126.9972. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and ExchangeCommission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $126.071 to $126.9527. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and ExchangeCommission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.