Arq, Inc. — Director's Dealing 2016

Oct 19, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2016-10-16

Reporting Person: Sampson L Heath (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-16	Common Stock	A	50000	—	Acquired	148318	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-16	Stock Option (right to buy)	$8.25	A	92666	Acquired	2018-12-31	Common Stock (92666.0)	Direct
2016-10-16	Stock Option (right to buy)	$9.0	A	92666	Acquired	2019-12-31	Common Stock (92666.0)	Direct
2016-10-16	Stock Option (right to buy)	$10.0	A	92666	Acquired	2020-12-31	Common Stock (92666.0)	Direct

Footnotes

F1: Represents Restricted Stock issued pursuant to the Long Term Incentive Plan ("LTIP") under the Advanced Emissions Solutions, Inc. (the "Company") Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"). The Restricted Stock will vest in equal installments on October 16, 2017, October 16, 2018, October 16, 2019 and October 16, 2020 subject to continuous service with the Company or its related entities unless such shares vest sooner pursuant to Section 11 of the 2007 Plan or the reporting person's employment agreement with the Company.

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

F3: Stock option vesting occurs, if at all, on or after January 1, 2017 upon achievement of certain pre-established goals, in accordance with provisions of the 2007 Plan, and is subject to the reporting person's continuous service with the Company or its related entities unless such shares vest sooner pursuant to Section 11 of the 2007 Plan.

F4: The options were granted for services to be rendered to the Company by the reporting person.