Arq, Inc. — Director's Dealing 2013

Nov 19, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2013-11-18

Reporting Person: Miller Richard (VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-18	Common Stock	A	13000	$13.8	Acquired	34310	Direct
2013-11-18	Common Stock	D	12955	$47.0818	Disposed	21355	Direct
2013-11-18	Common Stock	D	45	$47.02	Disposed	21310	Direct

Footnotes

F1: Represents the amount of stock options exercised.

F2: Represents exercise price.

F3: Of the amount shown, 5,810 shares are held in the qualified pension plan account of the reporting person and 1,500 sares were issued pursuant to programs under the 2007 Plan, are not fully vested and are subject to certain repurchase rights.

F4: Represents the number of shares sold upon exercising of stock options.

F5: On July 1, 2013, Advanced Emissions Solutions, Inc., a Delaware corporation ("Issuer"), became the successor of ADA-ES, Inc., a Colorado corporation ("ADA"), pursuant to a reorganization whereby a wholly owned subsidiary of Issuer was merged with and into ADA, with ADA continuing as the surviving entity and becoming a wholly owned subsidiary of Issuer. In the merger, each outstanding share of ADA common stock, no par value, immediately prior to the merger was automatically converted into one share of common stock, par value $0.001 per share, of Issuer ("Issuer Common Stock"). All stock-based benefit plans of ADA were assumed by Issuer and, going forward, Issuer Common Stock will be issued upon the vesting of any stock-based awards or the exercise of options to reflect the substitution of the Issuer's Common Stock for ADA's common stock. The reorganization did not alter the proportionate interests of security holders.