Arq, Inc. — Director's Dealing 2016

Jul 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2016-07-01

Reporting Person: Alta Fundamental Advisers SP LLC (Director)
Reporting Person: Alta Fundamental Advisers LLC (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-01	Common Stock	A	6212	—	Acquired	862975	Indirect

Footnotes

F1: Shares automatically awarded on July 1, 2016 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, 2016; November 30, 2016; February 28, 2017 and May 31, 2017.

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.