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: 2014-07-23

Reporting Person: Wells Louis Spencer (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-23	Common Stock	A	2070	$20.85	Acquired	2070	Direct

Footnotes

F1: Pro rated number of shares awarded pursuant to the Director Compensation Arrangement under the Company's Amended and Restated 2007 Equity Incentive Plan, as amended, upon filer's appointment to the Company's Board of Directors, which shares vest pro rata for Board service from July 23, 2014 through May 31, 2015. As of February 17, 2015, 682 of these shares are unvested and subject to forfeiture.

F2: Closing price on the grant date.