Arq, Inc. — Director's Dealing 2015

Jul 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2015-07-18

Reporting Person: Amrhein Christine B. (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-18	Common Stock	F	132	$12.75	Disposed	15357	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31786	Indirect

Footnotes

F1: The reporting person delivered stock to the Issuer to cover the payment of the tax liability incident to the vesting of 712 shares of Restricted Stock issued under the Advanced Emissions Solution's Inc. Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan").

F2: Of the amount shown, 1,746 shares are held in the qualified pension plan account of the reporting person and 7,446 shares were issued pursuant to programs under 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 the reporting person's spouse and 1,014 shares are restricted stock (not fully vested and subject to forfeiture under the Company's Amended and Restated 2010 Non-Management Compensation and Incentive Plan).