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: Amrhein Christine B. (General Counsel & VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-06	Common Stock	A	164	$37.96	Acquired	5382	Direct
2013-11-06	Common Stock	A	60	$37.69	Acquired	15699	Indirect

Footnotes

F1: Shares issued directly to Ms. Amrhein's qualified pension plan.

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

F3: Of the amount shown, 798 shares are held in the qualified pension plan account of Ms. Amrhein and 3,104 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.

F4: Shares issued directly to Mr. Amrhein's qualified pension plan.

F5: Of the amount shown, 4,722 shares are held in the qualified pension plan account of Mr. Amrhein and 437 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.