Arq, Inc. — Director's Dealing 2014

Jan 28, 2014

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2013-12-31

Reporting Person: MATTISON GRAHAM O (VP Investor Relations)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4318	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Share Units	$		Common Stock (3116)	3116	Direct

Footnotes

F1: Of the amount shown, 1,558 shares were issued pursuant to the programs under the 2007 Plan, are not fully vested and are subject to certain repurchase rights.

F2: Each Performance Share Unit represents a contingent right to receive one share of the Company's common stock

F3: Vesting of the Performance Share Units, if at all, will occur on January 2, 2016, subject to continuous service and the achievement of certain pre-established goals to be measured as of December 31, 2015, unless such units vest sooner at the target amount pursuant to Section 11 of the 2007 Plan.