Form 4 Silverman Keith C

4 - Statement of changes in beneficial ownership of securities

Published: 2017-06-07 15:30:31
Submitted: 2017-06-07
Period Ending In: 2017-06-05
form4.html PRIMARY DOCUMENT


>

SEC FORM 4

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Silverman Keith C

(Last) (First) (Middle)
1005 ROUTE 202/206

(Street)
BRIDGEWATER NJ 08807

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ASHLAND GLOBAL HOLDINGS INC [ ASH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/05/2017 A 105 A $0(1) 1,902(2) D
Common Stock 736(3) I 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (4) 06/05/2017 A 919(5) (6) (6) Common Stock 919 $0(5) 1,461(7) D
Stock Appreciation Right $47.63(8) 06/05/2017 A 1,325 11/13/2014 12/13/2023 Common Stock 1,325 $0(8) 2,825 D
Stock Appreciation Right $57.96(9) 06/05/2017 A 1,722 11/16/2017 12/16/2026 Common Stock 1,722 $0(9) 3,672 D
Stock Appreciation Right $59.41(10) 06/05/2017 A 1,590 11/18/2016 12/18/2025 Common Stock 1,590 $0(10) 3,390 D
Stock Appreciation Right $59.95(11) 06/05/2017 A 1,280 11/12/2015 12/12/2024 Common Stock 1,280 $0(11) 2,730 D
Explanation of Responses:
1. 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.
2. Includes 224 shares of unvested restricted stock.
3. Based on Employee Savings Plan information as of June 5, 2017, the latest date for which such information is reasonably available.
4. Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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 06/07/2017
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
1
form4.xml PRIMARY DOCUMENT
Schema Version:
X0306
Document Type:
4
Period Of Report:
2017-06-05

Issuer

Issuer Cik
0001674862
Issuer Name
ASHLAND GLOBAL HOLDINGS INC
Issuer Trading Symbol
ASH

Reporting Owner

Reporting Owner Id

Rpt Owner Cik
0001600587
Rpt Owner Name
Silverman Keith C

Reporting Owner Address

Rpt Owner Street1
1005 ROUTE 202/206
Rpt Owner City
BRIDGEWATER
Rpt Owner State
NJ
Rpt Owner Zip Code
08807

Reporting Owner Relationship

Is Officer
1
Officer Title
Vice President

Non Derivative Table

Non Derivative Transaction

Security Title
Common Stock
Transaction Date
2017-06-05

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
105

Transaction Price Per Share

Value
0
@attributes Id
F1
Transaction Acquired Disposed Code
A

Shares Owned Following Transaction

Value
1902
@attributes Id
F2
Direct Or Indirect Ownership
D

Non Derivative Holding

Security Title
Common Stock

Shares Owned Following Transaction

Value
736
@attributes Id
F3

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
401(k)

Derivative Transaction

Security Title
Restricted Stock Units
@attributes Id
F4
Transaction Date
2017-06-05

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares

Value
919
@attributes Id
F5

Transaction Price Per Share

Value
0
@attributes Id
F5
Transaction Acquired Disposed Code
A
@attributes Id
F6
@attributes Id
F6

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
919

Shares Owned Following Transaction

Value
1461
@attributes Id
F7
Direct Or Indirect Ownership
D
Security Title
Stock Appreciation Right

Conversion Or Exercise Price

Value
47.63
@attributes Id
F8
Transaction Date
2017-06-05

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
1325

Transaction Price Per Share

Value
0
@attributes Id
F8
Transaction Acquired Disposed Code
A
Exercise Date
2014-11-13
Expiration Date
2023-12-13

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
1325
Shares Owned Following Transaction
2825
Direct Or Indirect Ownership
D
Security Title
Stock Appreciation Right

Conversion Or Exercise Price

Value
57.96
@attributes Id
F9
Transaction Date
2017-06-05

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
1722

Transaction Price Per Share

Value
0
@attributes Id
F9
Transaction Acquired Disposed Code
A
Exercise Date
2017-11-16
Expiration Date
2026-12-16

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
1722
Shares Owned Following Transaction
3672
Direct Or Indirect Ownership
D
Security Title
Stock Appreciation Right

Conversion Or Exercise Price

Value
59.41
@attributes Id
F10
Transaction Date
2017-06-05

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
1590

Transaction Price Per Share

Value
0
@attributes Id
F10
Transaction Acquired Disposed Code
A
Exercise Date
2016-11-18
Expiration Date
2025-12-18

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
1590
Shares Owned Following Transaction
3390
Direct Or Indirect Ownership
D
Security Title
Stock Appreciation Right

Conversion Or Exercise Price

Value
59.95
@attributes Id
F11
Transaction Date
2017-06-05

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
1280

Transaction Price Per Share

Value
0
@attributes Id
F11
Transaction Acquired Disposed Code
A
Exercise Date
2015-11-12
Expiration Date
2024-12-12

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
1280
Shares Owned Following Transaction
2730
Direct Or Indirect Ownership
D

Footnote

0
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.
1
Includes 224 shares of unvested restricted stock.
2
Based on Employee Savings Plan information as of June 5, 2017, the latest date for which such information is reasonably available.
3
Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
4
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.
5
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.
6
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.
7
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.
8
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.
9
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.
10
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.

Owner Signature

Signature Name
/s/ Jennifer I. Henkel, Attorney-in-Fact
Signature Date
2017-06-07
Additional Files
FileSequenceDescriptionTypeSize
0001127602-17-020779.txt   Complete submission text file   20246
$ASH

© 2019 SEC.report
SEC CFR Title 17 of the Code of Federal Regulations.