Arq, Inc. — Director's Dealing 2016

May 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2016-05-10

Reporting Person: Amrhein Christine B. (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-10	Common Stock	A	10000	$7.74	Acquired	26742	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30994	Indirect

Footnotes

F1: Represents a stock award issued pursuant to the Advanced Emissions Solutions, Inc. (the "Company") Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"). The stock award vested immediately upon grant.

F2: The share price used is the average of the high bid and low ask stock prices on the relevant date, calculated in accordance with the provisions of the 2007 Plan.

F3: Of the amount shown, 1,746 shares are held in a qualified pension plan account of the reporting person and 4,163 shares are restricted stock (not fully vested and subject to certain repurchase rights or transfer restrictions under the 2007 Plan).