X0202 4 2005-06-01 0 0000007694 ASHLAND INC ASH 0001023582 OBRIEN JAMES J /KY C/O ASHLAND INC 1000 ASHLAND DRIVE PO BOX 391 RUSSELL KY 41169 0 1 0 0 Chief Executive Officer Common Stock 2005-06-01 4 M 0 10000 39 A 15340 D Common Stock 2005-06-01 4 M 0 10000 53.375 A 25340 D Common Stock 2005-06-01 4 M 0 25000 36.38 A 50340 D Common Stock 2005-06-01 4 M 0 97500 28.13 A 147840 D Common Stock 2005-06-01 4 M 0 62000 34 A 209840 D Common Stock 2005-06-01 4 M 0 60000 36.625 A 269840 D Common Stock 2005-06-01 4 M 0 10000 48 A 279840 D Common Stock 2005-06-01 4 S 0 224500 68.835 D 55340 D Common Stock 2005-06-01 4 S 0 50000 68.645 D 5340 D Common Stock 2005-06-02 4 M 0 38000 34 A 43340 D Common Stock 2005-06-02 4 S 0 38000 68.48 D 5340 D Common Stock 3192 I LESOP Common Stock 875 I 401(K) Stock Options (Right to buy) 28.13 2005-06-01 4 M 0 97500 0 D 2003-09-19 2012-10-19 Common Stock 97500 32500 D Stock Options (Right to buy) 34 2005-06-01 4 M 0 62000 0 D 2004-09-18 2013-10-18 Common Stock 62000 138000 D Stock Options 34 2005-06-02 4 M 0 38000 0 D 2004-09-18 2013-10-18 Common Stock 38000 100000 D Stock Options (Right to buy) 36.38 2005-06-01 4 M 0 25000 0 D 2002-09-20 2011-10-20 Common Stock 25000 0 D Stock Options (Right to buy) 36.625 2005-06-01 4 M 0 60000 0 D 2000-09-16 2009-10-16 Common Stock 60000 0 D Stock Options (Right to buy) 39 2005-06-01 4 M 0 10000 0 D 1997-09-19 2006-10-19 Common Stock 10000 0 D Stock Options (Right to buy) 48 2005-06-01 4 M 0 10000 0 D 1999-09-17 2008-10-17 Common Stock 10000 0 D Stock Options (Right to buy) 53.375 2005-06-01 4 M 0 10000 0 D 1998-09-18 2007-10-18 Common Stock 10000 0 D Common Stock Units 0 2005-06-01 4 I 0 8306 68.91 A Common Stock 8306 101622 D Shares accrued under Ashland's Leveraged Employee Stock Ownership Plan as of 5-31-05. Based on Employee Savings Plan information as of 5-31-05, the latest date for which such information is reasonably available. Employee stock option (represents a right to buy Ashland Common Stock) granted pursuant to Ashland's Amended and Restated Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year. The employee stock option includes a tax withholding feature pursuant to the plan. Employee stock option (represents a right to buy Ashland Common Stock) granted pursuant to Ashland's 1997 Stock Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year. The employee stock option includes a tax withholding feature pursuant to the plan. Employee stock option (represents a right to buy Ashland Common Stock) granted pursuant to Ashland's 1993 Stock Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year. The employee stock option includes a tax withholding feature pursuant to the plan. Intraplan transfer in Ashland's 1995 Deferred Compensation Plan. Jami K. Suver, Attorney-in-Fact 2005-06-03