Arq, Inc. — Director's Dealing 2013

Nov 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2013-11-06

Reporting Person: DURHAM MICHAEL D (CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-06	Common Stock	A	157	$37.96	Acquired	250490	Direct

Footnotes

F1: Shares issued directly to the reporting person's qualified pension plan.

F2: Price equals the fair market value of the shares on the date of authorization.

F3: Of the amount shown, 56,504 shares are held in the qualified pensions plan account of the reporting person and 20,150 shares were issued pursuant to a program under the Company's Equity Incentive Plan, are not fully vested and are subject to certain repurchase rights.