Arq, Inc. — Director's Dealing 2015

Jul 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2015-07-01

Reporting Person: Wells Louis Spencer (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-01	Common Stock	A	3941	—	Acquired	6011	Direct

Footnotes

F1: Shares automatically awarded on July 1, 2015 pursuant to the Director Compensation Arrangement under the Company's Amended and Restated 2007 Equity Incentive Plan, as amended, which shares shall vest on a quarterly basis with one fourth of the total amount of shares of Common Stock awarded vesting on each of August 31, 2015; November 30, 2015; February 28, 2016 and May 31, 2016.

F2: The shares of Restricted Stock were granted for the director services rendered to and to be rendered to the Company by the reporting person.