X0306 4 2014-07-01 0 0001515156 Advanced Emissions Solutions, Inc. ADES 0001323199 Clarke Kim B C/O KEY ENERGY SERVICES, INC. 1301 MCKINNEY ST STE 1800 HOUSTON TX 77010 1 0 0 0 Common Stock 2014-07-01 4 A 0 2114 23.81 A 5268 D Shares automatically awarded on July 1, 2014 pursuant to the Director Compensation Arrangement under the Company's Amended and Restated 2007 Equity Incentive Plan, as amended, which shares vest pro rata for the Board of Director service term from June 1, 2014 through May 31, 2015. As of February 17, 2015, 597 of these shares are unvested and subject to forfeiture. Closing price on the grant date. /s/ Christine B. Amrhein, by power of attorney 2015-02-17