ASHLAND INC. — Director's Dealing 2018

Nov 20, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ASHLAND GLOBAL HOLDINGS INC (ASH)
CIK: 0001674862
Period of Report: 2018-11-16

Reporting Person: MUSA OSAMA M (Sr. Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	354	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$37.37	2022-12-14	Common Stock (2000)		Direct
Stock Appreciation Right	$47.63	2023-12-13	Common Stock (2825)		Direct
Stock Appreciation Right	$59.95	2024-12-12	Common Stock (2730)		Direct
Stock Appreciation Right	$59.41	2025-12-18	Common Stock (6968)		Direct
Stock Appreciation Right	$57.96	2026-12-16	Common Stock (9793)		Direct
Stock Appreciation Right	$67.16	2027-12-15	Common Stock (8650)		Direct
Restricted Stock Units	$		Common Stock (468)		Direct
Restricted Stock Units	$		Common Stock (879)		Direct
Restricted Stock Units	$		Common Stock (851)		Direct
Restricted Stock Units	$		Common Stock (1080)		Direct
Restricted Stock Units	$		Common Stock (1096)		Direct
Restricted Stock Units	$		Common Stock (6464)		Direct

Footnotes

F1: 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.

F2: 468 Restricted Stock Units (inclusive of additional shares from dividends) remaining from an initial grant on 11/18/15 of 1,318 Restricted Stock Units, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.

F3: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F4: One third of the Reporting Persons 2016-2018 performance units converted to time-based stock-settled Restricted Stock Units at target and vests three years from the original grant date of 11/18/2015.

F5: Two thirds of the Reporting Persons 2016-2018 performance units converted to time-based stock-settled Restricted Stock Units based on performance of the 2016-2018 LTIP Plan and vests three years from the original grant date of 11/18/2015.

F6: 1,080 Restricted Stock Units (inclusive of additional shares from dividends) remaining from an initial grant on 11/15/17 of 1,600 Restricted Stock Units pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant have a vesting schedule of three equal annual installments beginning 1 year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.

F7: 1,096 Restricted Stock Units (inclusive of additional shares from dividends) remaining from an initial grant on 11/16/16 of 1,600 Restricted Stock Units pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant have a vesting schedule of three equal annual installments beginning 1 year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.

F8: 6,464 Restricted Stock Units (inclusive of additional shares from dividends) remaining from an initial grant on 6/13/16 of 9,417 Restricted Stock Units pursuant to Ashland's incentive plan as approved by the shareohlders and exempt pursuant to Rule 16b-3. The shares in this grant will be cash settled and have a vesting schedule of one-third on the second year after grant date and the remaining two-thirds on the third year after grant date.