Arq, Inc. — Director's Dealing 2014

Feb 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2014-02-11

Reporting Person: Sjostrom Sharon (CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-11	Common Stock	A	69	$52.18	Acquired	20574	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, 8,266 shares are held in the qualified pension plan account of the reporting person and 3,029 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.