Arq, Inc. — Director's Dealing 2014

Aug 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2014-08-01

Reporting Person: Amrhein Christine B. (General Counsel & VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-01	Common Stock	F	127	$21.39	Disposed	12637	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31828	Indirect

Footnotes

F1: Payment of the tax liability by delivery of stock incident to the vesting on August 1, 2014 of 474 shares of Restricted Stock.

F2: Of the amount shown, 1,746 shares are held in the qualified pension plan account of Ms. Amrhein and 6,608 shares were issued pursuant to the programs under the Advanced Emissions Solutions, Inc. Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"), are not fully vested and are subject to certain repurchase rights.

F3: Of the amount shown, 9,532 shares are held in the qualified pension plan account of Mr. Amrhein and 1,216 shares were issued pursuant to programs under the 2007 Plan, are not fully vested and are subject to certain repurchase rights.