ASHLAND INC. — Director's Dealing 2017

Feb 24, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND GLOBAL HOLDINGS INC (ASH)
CIK: 0001674862
Period of Report: 2017-02-22

Reporting Person: FERNANDEZ-MORENO LUIS M (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-22	Common Stock	M	2875	$69.15	Acquired	48865	Direct
2017-02-22	Common Stock	F	2051	$123.85	Disposed	63226	Direct
2017-02-22	Common Stock	M	6500	$89.69	Acquired	55365	Direct
2017-02-22	Common Stock	F	5317	$123.85	Disposed	57909	Direct
2017-02-22	Common Stock	M	4912	$112.91	Acquired	60277	Direct
2017-02-22	Common Stock	F	4627	$123.85	Disposed	53282	Direct
2017-02-22	Common Stock	M	5000	$111.89	Acquired	65277	Direct
2017-02-22	Common Stock	F	4683	$123.85	Disposed	48599	Direct
2017-02-22	Common Stock	S	2609	$123.85	Disposed	45990	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-22	Stock Appreciation Right	$69.15	M	2875	Disposed	2022-12-26	Common Stock (2875)	Direct
2017-02-22	Stock Appreciation Right	$89.69	M	6500	Disposed	2023-12-13	Common Stock (6500)	Direct
2017-02-22	Stock Appreciation Right	$112.91	M	4912	Disposed	2024-12-12	Common Stock (4912)	Direct
2017-02-22	Stock Appreciation Right	$111.89	M	5000	Disposed	2025-12-18	Common Stock (5000)	Direct

Footnotes

F1: Includes 29,418 shares of unvested Restricted Stock.

F2: Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 6 below.

F3: Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 7 below.

F4: Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 8 below.

F5: Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 9 below.

F6: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

F7: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

F8: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

F9: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.