0001127602-17-020779.txt : 20170607 0001127602-17-020779.hdr.sgml : 20170607 20170607153031 ACCESSION NUMBER: 0001127602-17-020779 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: Silverman Keith C CENTRAL INDEX KEY: 0001600587 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 333-211719 FILM NUMBER: 17897196 MAIL ADDRESS: STREET 1: 1005 ROUTE 202/206 CITY: BRIDGEWATER STATE: NJ ZIP: 08807 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2017-06-05 0001674862 ASHLAND GLOBAL HOLDINGS INC ASH 0001600587 Silverman Keith C 1005 ROUTE 202/206 BRIDGEWATER NJ 08807 1 Vice President Common Stock 2017-06-05 4 A 0 105 0 A 1902 D Common Stock 736 I 401(k) Restricted Stock Units 2017-06-05 4 A 0 919 0 A Common Stock 919 1461 D Stock Appreciation Right 47.63 2017-06-05 4 A 0 1325 0 A 2014-11-13 2023-12-13 Common Stock 1325 2825 D Stock Appreciation Right 57.96 2017-06-05 4 A 0 1722 0 A 2017-11-16 2026-12-16 Common Stock 1722 3672 D Stock Appreciation Right 59.41 2017-06-05 4 A 0 1590 0 A 2016-11-18 2025-12-18 Common Stock 1590 3390 D Stock Appreciation Right 59.95 2017-06-05 4 A 0 1280 0 A 2015-11-12 2024-12-12 Common Stock 1280 2730 D Represents the sum of 105 shares of restricted stock granted pursuant to the adjustment described in this footnote (1). 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. Includes 224 shares of unvested restricted stock. Based on Employee Savings Plan information as of June 5, 2017, the latest date for which such information is reasonably available. Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock. Represents the sum of 479 restricted stock units granted pursuant to the adjustment described in clause (a) of this footnote (5) and 440 restricted stock units granted pursuant to the plan described in clause (b) of this footnote (5). (a) Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of restricted stock units 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 440 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 (5) 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 (5) 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 3 additional restricted stock units acquired in lieu of cash dividends, 2 of which were paid on December 15, 2016, and 1 of which was 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 $89.69 was converted to $47.63. 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 $111.89 was converted to $59.41. 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 $112.91 was converted to $59.95. /s/ Jennifer I. Henkel, Attorney-in-Fact 2017-06-07