0001127602-17-020783.txt : 20170607
0001127602-17-020783.hdr.sgml : 20170607
20170607153808
ACCESSION NUMBER: 0001127602-17-020783
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170605
FILED AS OF DATE: 20170607
DATE AS OF CHANGE: 20170607
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ASHLAND GLOBAL HOLDINGS INC
CENTRAL INDEX KEY: 0001674862
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160]
IRS NUMBER: 812587835
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1216
BUSINESS ADDRESS:
STREET 1: 50 E RIVERCENTER BLVD
CITY: COVINGTON
STATE: KY
ZIP: 41011
BUSINESS PHONE: 859-815-3333
MAIL ADDRESS:
STREET 1: 50 E RIVERCENTER BLVD
CITY: COVINGTON
STATE: KY
ZIP: 41011
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WULFSOHN WILLIAM A
CENTRAL INDEX KEY: 0001326402
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-211719
FILM NUMBER: 17897218
MAIL ADDRESS:
STREET 1: ASHLAND INC.
STREET 2: 50 EAST RIVERCENTER BLVD.
CITY: COVINGTON
STATE: KY
ZIP: 41011
FORMER NAME:
FORMER CONFORMED NAME: Wulfsohn William A
DATE OF NAME CHANGE: 20050506
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-06-05
0001674862
ASHLAND GLOBAL HOLDINGS INC
ASH
0001326402
WULFSOHN WILLIAM A
50 E. RIVERCENTER BLVD.
COVINGTON
KY
41011
1
1
Chief Executive Officer
Common Stock
2017-06-05
4
A
0
33546
0
A
72926
D
Restricted Stock Units
2017-06-05
4
A
0
28728
0
A
Common Stock
28728
45897
D
Stock Appreciation Right
57.96
2017-06-05
4
A
0
55523
0
A
2017-11-16
2026-12-16
Common Stock
55523
118373
D
Stock Appreciation Right
62.33
2017-06-05
4
A
0
40637
0
A
2016-01-29
2025-02-28
Common Stock
40637
86637
D
Stock Appreciation Right
59.41
2017-06-05
4
A
0
50576
0
A
2016-11-18
2025-12-18
Common Stock
50576
107826
D
Represents the sum of 3,224 shares of restricted stock granted pursuant to the adjustment described in clause (a) of this footnote (1) and 30,322 shares of restricted stock granted pursuant to the plan described in clause (b) of this footnote (1). (a) Ashland Global Holdings Inc. ("Ashland") distributed to its stockholders on May 12, 2017 (the "Distribution Date") 170,000,000 shares of Valvoline Inc. common stock as a pro rata dividend (the "Distribution"). Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of shares of restricted stock equal to the quotient of (x) the closing price of Ashland common stock on the Distribution Date and (y) the simple arithmetic average of the volume-weighted average price of Ashland common stock for each of the ten consecutive trading days immediately following the Distribution Date (such quotient, the "Equity Award Adjustment Ratio") for each such share of restricted stock. (b) Pursuant to the terms of the Executive Performance Incentive and Retention Program (the "EPIRP"), upon the Distribution, one-third of the Reporting Person's performance-based restricted shares granted under the EPIRP were convertible at "target" level (i.e. 50%) into 30,322 time-vested restricted shares immediately following the 120th day following the consummation of the Distribution. Pursuant to the terms of the EPIRP, each such time-vested restricted share was further adjusted into the number of time-vested restricted shares equal to the Equity Award Adjustment Ratio.
Includes 37,195 shares of unvested restricted stock. Balance also includes 11 additional shares of restricted stock acquired in lieu of cash dividends paid on March 15, 2017.
Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
Represents the sum of 15,167 restricted stock units granted pursuant to the adjustment described in clause (a) of this footnote (4) and 13,561 restricted stock units granted pursuant to the plan described in clause (b) this footnote (4). (a) Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of restricted stock units (rounded to the nearest whole restricted stock unit) equal to the Equity Award Adjustment Ratio for each such restricted stock unit. (b) Pursuant to the terms of the FY 2016- 2018 Long Term Incentive Plan (the "LTIP Plan"), upon the Distribution, one-third of the Reporting Person's performance units under the LTIP Plan became convertible into 13,561 time-based, stock-settled restricted stock units immediately following the 120th day following the consummation of the Distribution. Pursuant to the terms of the LTIP Plan, each such time-based, stock settled restricted stock unit was further adjusted into the number of time-based, stock settled restricted stock units equal to the Equity Award Adjustment Ratio.
The restricted stock units described in clause (a) of footnote (4) vest upon the same terms and conditions as were applicable to the Reporting Person's awards of restricted stock units immediately prior to the Distribution. The restricted stock units described in clause (b) of footnote (4) vest upon the third anniversary of the grant date (i.e. November 18, 2018) so long as the Reporting Person remains employed through such vesting date.
Balance includes 113 additional restricted stock units acquired in lieu of cash dividends, 59 of which were paid on December 15, 2016, and 54 of which were paid on March 15, 2017.
Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Ratio for each such stock appreciation right, and the original strike price of $109.15 was converted to $57.96.
Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Ratio for each such stock appreciation right, and the original strike price of $117.38 was converted to $62.33.
Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Ratio for each such stock appreciation right, and the original strike price of $111.89 was converted to $59.41.
/s/ Jennifer I. Henkel, Attorney-in-Fact
2017-06-07