Julian Alexander McIntyre - Jul 20, 2023 Form 4 Insider Report for Advanced Emissions Solutions, Inc. (ADES)

Role
Director
Signature
/s/ Julian Alexander McIntyre
Stock symbol
ADES
Transactions as of
Jul 20, 2023
Transactions value $
$0
Form type
4
Date filed
7/24/2023, 06:59 PM
Previous filing
Jul 5, 2023
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADES Series A Convertible Preferred Stock Disposed to Issuer $0 -781K -100% $0.00* 0 Jul 20, 2023 By Allard Services Limited. F1, F2, F3
transaction ADES Series A Convertible Preferred Stock Disposed to Issuer $0 -7.61K -100% $0.00* 0 Jul 20, 2023 By Stannard Limited. F1, F4, F5
transaction ADES Common Stock Award $0 +781K +42.06% $0.00 2.64M Jul 20, 2023 By Allard Services Limited F1, F3
transaction ADES Common Stock Award $0 +7.61K +58.78% $0.00 20.6K Jul 20, 2023 By Stannard Limited F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Series A Convertible Preferred Stock converted to an equal number of shares of the Issuer's Common Stock upon the approval by the holders of the percentage of Common Stock required to approve such conversion under the applicable rules of The Nasdaq Stock Market, without the need for any action on the part of the holders of the Series A Convertible Preferred Stock.
F2 This amount includes 9,964 shares of Series A Convertible Preferred Stock received on April 21, 2023, as dividends paid in-kind for the first quarter of 2023, which acquisition was exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-9 thereunder.
F3 The shares reported on this row are held by Allard Services Limited. Julian McIntyre, a Director of the Issuer, controls Allard Services Limited and therefore is an indirect beneficial owner of the securities reported herein.
F4 This amount includes 97 shares of Series A Convertible Preferred Stock received on April 21, 2023, as dividends paid in-kind for the first quarter of 2023, which acquisition was exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-9 thereunder.
F5 The shares reported on this row are held by Stannard Limited. Mr. McIntyre's spouse controls Stannard Limited and therefore Mr. McIntyre may be deemed to be an indirect beneficial owner of the securities reported herein.