Arq, Inc. — Director's Dealing 2015

Feb 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2014-07-01

Reporting Person: SMITH JEFFREY CLARK (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-01	Common Stock	A	2114	$23.81	Acquired	90784	Direct

Footnotes

F1: Shares automatically awarded on July 1, 2014 pursuant to the Director Compensation Arrangement under the Company's Amended and Restated 2007 Equity Incentive Plan, as amended, which shares vest pro rata for the Board of Director service term from June 1, 2014 through May 31, 2015. As of February 17, 2015, 597 of these shares are unvested and subject to forfeiture.

F2: Closing price on the grant date.