Arq, Inc. — Director's Dealing 2016

Jan 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Amrhein Christine B. (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-01	Common Stock	F	476	$7.07	Disposed	14881	Direct
2016-01-02	Common Stock	F	297	$7.07	Disposed	14584	Direct
2016-01-02	Common Stock	F	450	$7.07	Disposed	14134	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30994	Indirect

Footnotes

F1: Represents the shares withheld to satisfy the minimum statutory tax withholding obligations upon the vesting of 1,279 shares issued under the issuer's Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"), pursuant to the 2013 Long Term Incentive Plan.

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: Represents the shares withheld to satisfy the minimum statutory tax withholding obligations upon the vesting of 797 shares issued under the 2007 Plan pursuant to the 2014 Long Term Incentive Plan.

F4: Represents the shares withheld to satisfy the minimum statutory tax withholding obligations upon the vesting of 1,208 shares issued under the 2007 Plan pursuant to the 2015 Long Term Incentive Plan.

F5: Of the amount shown, 1,746 shares are held in the qualified pension plan account of the reporting person and 4,163 shares are restricted stock (not fully vested and subject to certain repurchase rights under the 2007 Plan).

F6: Of the amount shown, 9,532 shares are held in a qualified pension plan account of the reporting person's spouse in accordance with the issuer's Amended and Restated 2010 Non-Management Compensation and Incentive Plan.