Arq, Inc. — Director's Dealing 2017

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2017-02-28

Reporting Person: Sjostrom Sharon (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-28	Common Stock	M	1626	—	Acquired	67374	Direct
2017-02-28	Common Stock	F	606	$10.77	Disposed	66768	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-28	Performance Share Units	$	M	5780	Disposed		Common Stock (5780.0)	Direct

Footnotes

F1: On February 28, 2017, the Compensation Committee of the Board of Directors of the issuer determined that of the 5,780 performance share units ("PSUs") awarded to the reporting person on January 3, 2014 (adjusted for the 2:1 stock dividend in March 2014) pursuant to the Long Term Incentive Plan under the issuer's Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"), 1,626 PSUs vested based on the achievement of specific performance criteria over a three year performance period ended December 31, 2016. Each vested PSU represents the right to receive one share of the issuer's common stock.