ASHLAND INC. — Director's Dealing 2018

Feb 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND GLOBAL HOLDINGS INC (ASH)
CIK: 0001674862
Period of Report: 2018-02-01

Reporting Person: HEITMAN WILLIAM J (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-01	Common Stock	M	4614	$29.50	Acquired	15152	Direct
2018-02-01	Common Stock	M	5462	$37.37	Acquired	20614	Direct
2018-02-01	Common Stock	M	5273	$47.63	Acquired	25887	Direct
2018-02-01	Common Stock	F	4159	$70.15	Disposed	21728	Direct
2018-02-01	Common Stock	F	3782	$70.16	Disposed	17946	Direct
2018-02-01	Common Stock	F	2913	$70.10	Disposed	15033	Direct
2018-02-01	Common Stock	S	4495	$70.31	Disposed	10538	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-01	Stock Appreciation Right	$29.50	M	4614	Disposed	2022-01-02	Common Stock (4614)	Direct
2018-02-01	Stock Appreciation Right	$37.37	M	5462	Disposed	2022-12-14	Common Stock (5462)	Direct
2018-02-01	Stock Appreciation Right	$47.63	M	5273	Disposed	2023-12-13	Common Stock (5273)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	326	Indirect

Footnotes

F1: Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 8 below.

F2: Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 7 below.

F3: Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 6 below.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple lots ranging from $70.28 to $70.34, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price in this footnote.

F5: Based on Employee Savings Plan information as of January 12, 2018, the latest date for which such information is reasonably available.

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.