X0306 4 2013-05-14 0 0001223112 ADA-ES INC ADES 0001532659 Amrhein Christine B. 9135 S. RIDGELINE BLVD., SUITE 200 C/O ADA-ES, INC. HIGHLANDS RANCH CO 80129 0 1 0 0 General Counsel VP Common Stock 2013-05-14 4 A 0 1918 31.29 A 5142 D Common Stock 15573 I By Spouse Performance Shares 2013-05-14 4 A 0 3836 0 A Common Stock 3836 3836 D Represents Restricted Shares issued pursuant to the ADA-ES, Inc. Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"). The Restricted Stock will vest in equal installments on January 1 2014, January 1, 2015 and January 1, 2016 subject to continuous service with ADA-ES, Inc. or its related entities unless such shares vest sooner pursuant to Section 11 of the 2007 Plan. Closing stock price at date of grant. Of the amount shown, 558 shares are held in the qualified pension plan account of Ms. Amrhein and 3,104 shares were issued pursuant to programs under the 2007 Plan, are not fully vested and are subject to certain repurchase rights. Of the amount shown, 4,596 shares are held in the qualified pension plan account of Ms. Amrhein's spouse, who is also an employee of the Company and 437 shares were issued pursuant to programs under the 2007 Plan, are not fully vested and are subject to certain repurchase rights. Each Performance Share Unit represents a contingent right to receive one share of the Company's common stock. Represents the maximum number of Performance Shares that will vest, if at all, which is 200% of the target of 1,918 Performance Share Units. Vesting of the Performance Share Units, if at all, will occur on January 1, 2016, subject to continuous service and the achievement of certain pre-established performance goals to be measured as of December 31, 2015, unless such units vest sooner at the target amount pursuant to Section 11 of the 2007 Plan. Christine B. Amrhein 2013-05-23