X0306 4 2016-01-29 0001305014 ASHLAND INC. ASH 0001326402 WULFSOHN WILLIAM A 50 E. RIVERCENTER BLVD. COVINGTON KY 41011 1 1 Chief Executive Officer Common Stock 2016-01-29 4 F 0 1663 94.76 D 49312 D Payment of tax liability by withholding incident to the receipt of the vesting of shares of Restricted Common Stock acquired pursuant to Ashland's Amended and Restated 2011 Stock Incentive Plan as approved by the shareholders and exempt pursuant to Rule 16b-3. Includes 32,498 shares of unvested Restricted Stock. /s/ Issa O. Yesufu, Attorney-in-Fact 2016-02-01