Arq, Inc. — Director's Dealing 2017

Jan 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2017-01-02

Reporting Person: Sjostrom Sharon (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-02	Common Stock	F	359	$9.24	Disposed	66346	Direct
2017-01-02	Common Stock	F	528	$9.24	Disposed	65818	Direct
2017-01-02	Common Stock	F	70	$9.24	Disposed	65748	Direct

Footnotes

F1: Represents the shares withheld to satisfy the minimum statutory tax withholding obligations upon the vesting of 964 shares issued under the issuer's Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"), pursuant to the 2014 Long Term Incentive Plan.

F2: Represents the shares withheld to satisfy the minimum statutory tax withholding obligations upon the vesting of 1,418 shares issued under the 2007 Plan, pursuant to the 2015 Long Term Incentive Plan.

F3: Represents the shares withheld to satisfy the minimum statutory tax withholding obligations upon the vesting of 189 shares issued under the 2007 Plan, pursuant to the 2015 Long Term Incentive Plan.

F4: Of the amount shown, 16,532 shares are held in the qualified pension plan account of the reporting person and 21,609 shares are restricted stock (not fully vested and subject to forfeiture or certain repurchase rights, as applicable, under the 2007 Plan).