Sec Form 4 Filing - MCKINNIES MARK H @ Advanced Emissions Solutions, Inc. - 2014-08-22

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person MCKINNIES MARK H 2. Issuer Name and Ticker or Trading Symbol Advanced Emissions Solutions, Inc. [ ades] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP & CFO (Last) (First) (Middle) 9135 S. RIDGELINE BLVD., SUITE 200 3. Date of Earliest Transaction (MM/DD/YY) 08/22/2014 (Street) HIGHLANDS RANCH, CO80129 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 08/22/2014 M 68,420 ( 1 ) A $ 4.3 ( 2 ) 221,756 ( 3 ) D Common Stock 08/22/2014 F 35,556 ( 4 ) D $ 21 ( 5 ) 186,200 ( 3 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shar es Stock Option $ 4.3 08/22/2014 M 68,420 01/08/2009( 6 ) 08/23/2014 Common Stock 68,420 ( 7 ) $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MCKINNIES MARK H 9135 S. RIDGELINE BLVD. SUITE 200 HIGHLANDS RANCH, CO80129 X SVP & CFO Signatures Mark H. McKinnies 08/26/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the total number of underlying shares issued pursuant to the exercise of the stock option (the "Stock Option") granted to the reporting person on August 23, 2004 pursuant to the Company's 2004 Executive Stock Option Plan. ( 2 )Represents the exercise price of the Stock Option. ( 3 )Of the amount shown, 55,912 shares are held in the qualified pension plan account of the reporting person, and 20,656 shares were issued pursuant to a program under the Company's Amended and Restated 2007 Equity Incentive Plan, as amended, are not fully vested and are subject to certain repurchase rights. ( 4 )Represents 14,010 shares withheld to cover the exercise price of the Stock Option and 21,546 shares withheld to satisfy minimum statutory tax withholding obligations upon exercise of the Stock Option. ( 5 )Fair market value of the shares, as of the market closing price on August 21, 2014, which is the day prior to the exercise of the Stock Option. ( 6 )Represents the date upon which vesting of the Stock Option was accelerated, as approved by the Company's Board of Directors. ( 7 )Represents the amount of underlying shares subject to the full exercise of the Stock Option.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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