Arq, Inc. — Director's Dealing 2015

Jan 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2014-12-31

Reporting Person: BUSTARD C JEAN (Former COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-31	Common Stock	F	7607	$22.79	Disposed	159782	Direct

Footnotes

F1: Represents the shares withheld to satisfy the minimum statutory tax withholding obligations upon the vesting of 21,682 shares pursuant to that certain Amended Employment Agreement between the issuer and the reporting person dated September 19, 2014.

F2: Of the amount shown, 37,808 shares are held in the qualified pension plan account of the reporting person.