UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Advanced Drainage Systems, Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
00790R104
(CUSIP Number)
December 31, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 00790R104 |
| 1. | Names of reporting persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph A. Chlapaty | |||||
| 2. | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC use only
| |||||
| 4. | Citizenship or place of organization
USA | |||||
| Number of shares beneficially owned by each reporting person with |
5. | Sole voting power
10,204,684 | ||||
| 6. | Shared voting power
500 | |||||
| 7. | Sole dispositive power
10,204,684 | |||||
| 8. | Shared dispositive power
500 | |||||
| 9. |
Aggregate amount beneficially owned by each reporting person
10,205,184 | |||||
| 10. | Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ☐
| |||||
| 11. | Percent of class represented by amount in Row (9)
18.4% | |||||
| 12. | Type of reporting person (see instructions)
IN | |||||
CUSIP No. 00790R104
| Item 1. |
| (a) | Name of Issuer |
Advanced Drainage Systems, Inc.
| (b) | Address of Issuer’s Principal Executive Offices |
4640 Trueman Boulevard, Hilliard, Ohio 43026
| Item 2. |
| (a) | Name of Person Filing |
Joseph A. Chlapaty
| (b) | Address of the Principal Office or, if none, residence |
c/o Advanced Drainage Systems, Inc., 4640 Trueman Boulevard, Hilliard, Ohio 43026
| (c) | Citizenship |
USA
| (d) | Title of Class of Securities |
Common Stock, $0.01 par value per share
| (e) | CUSIP Number |
00790R104
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | ||
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | ||
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | ||
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | ||
| (e) | ☐ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | ||
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | ||
| (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | ||
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | ||
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||
| (j) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). | ||
CUSIP No. 00790R104
| Item 4. | Ownership. |
As of the close of business on December 31, 2016:
| (a) | Amount beneficially owned: 10,205,184*, ** |
| (b) | Percent of class: 18.4% |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: 10,204,684* |
| (ii) | Shared power to vote or to direct the vote: 500** |
| (iii) | Sole power to dispose or to direct the disposition of: 10,204,684* |
| (iv) | Shared power to dispose or to direct the disposition of: 500** |
| * | Includes, with respect to Joseph A. Chlapaty, 182,331 shares of common stock owned of record by Joseph A. Chlapaty, 9,634,025 shares of common stock owned of record by the Joseph A. Chlapaty Trust, and 388,328 shares of common stock that Joseph A. Chlapaty has the right to acquire within sixty (60) days. |
| ** | Includes, with respect to Joseph A. Chlapaty, 500 shares of common stock owned of record by Mr. Chlapaty’s spouse. |
| Item 5. | Ownership of Five Percent or Less of a Class. |
N/A
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
N/A
| Item 8. | Identification and Classification of Members of the Group. |
N/A
| Item 9. | Notice of Dissolution of Group. |
N/A
| Item 10. | Certification. |
N/A
CUSIP No. 00790R104
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| 02/14/2017 Date |
| /s/ Joseph A. Chlapaty |
| Signature |
| Joseph A. Chlapaty |
| Name/Title |