ASHLAND INC. — Director's Dealing 2018

Jan 19, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND GLOBAL HOLDINGS INC (ASH)
CIK: 0001674862
Period of Report: 2018-01-16

Reporting Person: Schumann Anne T. (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-16	Common Stock	S	1071	$73.46	Disposed	20633	Direct
2018-01-16	Common Stock	S	949	$73.46	Disposed	19684	Direct
2018-01-16	Common Stock	S	3366	$73.46	Disposed	16318	Direct
2018-01-16	Common Stock	S	3121	$73.46	Disposed	13197	Direct
2018-01-16	Common Stock	M	6215	$59.95	Acquired	19412	Direct
2018-01-16	Common Stock	M	6073	$59.41	Acquired	25485	Direct
2018-01-16	Common Stock	M	4378	$57.96	Acquired	29863	Direct
2018-01-16	Common Stock	F	5073	$73.46	Disposed	24790	Direct
2018-01-16	Common Stock	F	4912	$73.46	Disposed	19878	Direct
2018-01-16	Common Stock	F	3455	$73.46	Disposed	16423	Direct
2018-01-17	Common Stock	S	1142	$72.75	Disposed	15281	Direct
2018-01-17	Common Stock	S	1161	$72.75	Disposed	14120	Direct
2018-01-17	Common Stock	S	923	$72.75	Disposed	13197	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-16	Stock Appreciation Right	$59.95	M	6215	Disposed	2024-12-12	Common Stock (6215)	Direct
2018-01-16	Stock Appreciation Right	$59.41	M	6073	Disposed	2025-12-18	Common Stock (6073)	Direct
2018-01-16	Stock Appreciation Right	$57.96	M	4378	Disposed	2026-12-16	Common Stock (4378)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1319	Indirect

Footnotes

F1: The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2017.

F2: Balance includes 8,089 shares of unvested Restricted Stock, of which 24 additional shares were acquired in lieu of cash dividends (exempt pursuant to Rule 16b-3) pursuant to Ashland's plans and applicable restricted stock agreements.

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

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

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

F6: Based on Employee Savings Plan information as of January 12, 2018, the latest date for which such information is reasonably available.

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.