Sec Form 4 Filing - HEITMAN WILLIAM J @ ASHLAND GLOBAL HOLDINGS INC - 2017-06-05

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 HEITMAN WILLIAM J 2. Issuer Name and Ticker or Trading Symbol ASHLAND GLOBAL HOLDINGS INC [ ASH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Controller (Last) (First) (Middle) 50 E. RIVERCENTER BOULEVARD 3. Date of Earliest Transaction (MM/DD/YY) 06/05/2017 (Street) COVINGTON, KY41012-0391 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 06/05/2017 A 215 A $ 0 ( 1 ) 8,316 ( 2 ) D Common Stock 324 ( 3 ) I 401(k)

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 Shares Restricted Stock Units ( 4 ) 06/05/2017 A 1,850 ( 5 ) ( 6 ) ( 6 ) Common Stock 1,850 $ 0 ( 5 ) 2,983 ( 7 ) D Stock Appreciation Right $ 37.37 ( 8 ) 06/05/2017 A 2,562 11/14/2013 12/14/2022 Common Stock 2,562 $ 0 ( 8 ) 5,462 D Stock Appreciation Right $ 47.63 ( 9 ) 06/05/2017 A 2,473 11/13/2014 12/13/2023 Common Stock 2,473 $ 0 ( 9 ) 5,273 D Stock Appreciation Right $ 57.96 ( 10 ) 06/05/2017 A 3,577 11/16/2017 12/16/2026 Common Stock 3,577 $ 0 ( 10 ) 7,627 D Stock Appreciation Right $ 59.41 ( 11 ) 06/05/2017 A 3,180 11/18/2016 12/18/2025 Common Stock 3,180 $ 0 ( 11 ) 6,780 D Stock Appreciation Right $ 59.95 ( 12 ) 06/05/2017 A 2,561 11/12/2015 12/12/2024 Common Stock 2,561 $ 0 ( 12 ) 5,461 D Stock Appreciation Right $ 29.5 ( 13 ) 06/05/2017 A 2,164 12/02/2012 01/02/2022 Common Stock 2,164 $ 0 ( 13 ) 4,614 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other HEITMAN WILLIAM J 50 E. RIVERCENTER BOULEVARD COVINGTON, KY41012-0391 Controller Signatures /s/ Jennifer I. Henkel, Attorney-in-Fact 06/07/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the sum of 215 shares of restricted stock granted pursuant to the adjustment described in this footnote (1). Ashland Global Holdings Inc. ("Ashland") distributed to its stockholders on May 12, 2017 (the "Distribution Date") 170,000,000 shares of Valvoline Inc. common stock as a pro rata dividend (the "Distribution"). Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of shares of restricted stock equal to the quotient of (x) the closing price of Ashland common stock on the Distribution Date and (y) the simple arithmetic average of the volume-weighted average price of Ashland common stock for each of the ten consecutive trading days immediately following the Distribution Date (such quotient, the "Equity Award Adjustment Ratio") for each such share of restricted stock. ( 2 )Includes 458 shares of unvested restricted stock. ( 3 )Based on Employee Savings Plan information as of June 5, 2017, the latest date for which such information is reasonably available. ( 4 )Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock. ( 5 )Represents the sum of 1,002 restricted stock units granted pursuant to the adjustment described in clause (a) of this footnote (5) and 848 restricted stock units granted pursuant to the plan described in clause (b) of this footnote (5). (a) Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of restricted stock units equal to the Equity Award Adjustment Ratio for each such restricted stock unit. (b) Pursuant to the terms of the FY 2016- 2018 Long Term Incentive Plan (the "LTIP Plan"), upon the Distribution, one-third of the Reporting Person's performance units under the LTIP Plan became convertible into 848 time-based, stock-settled restricted stock units immediately following the 120th day following the consummation of the Distribution. Pursuant to the terms of the LTIP Plan, each such time-based, stock settled restricted stock unit was further adjusted into the number of time-based, stock settled restricted stock units equal to the Equity Award Adjustment Ratio. ( 6 )The restricted stock units described in clause (a) of footnote (5) vest upon the same terms and conditions as were applicable to the Reporting Person's awards of restricted stock units immediately prior to the Distribution. The restricted stock units described in clause (b) of footnote (5) vest upon the third anniversary of the grant date (i.e. November 18, 2018) so long as the Reporting Person remains employed through such vesting date. ( 7 )Balance includes 6 additional restricted stock units acquired in lieu of cash dividends, 3 which were paid on December 15, 2016, and 3 were paid on March 15, 2017. ( 8 )Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Ratio for each such stock appreciation right, and the original strike price of $70.37 was converted to $37.37. ( 9 )Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Ratio for each such stock appreciation right, and the original strike price of $89.69 was converted to $47.63. ( 10 )Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Rat io for each such stock appreciation right, and the original strike price of $109.15 was converted to $57.96. ( 11 )Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Ratio for each such stock appreciation right, and the original strike price of $111.89 was converted to $59.41. ( 12 )Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Ratio for each such stock appreciation right, and the original strike price of $112.91 was converted to $59.95. ( 13 )Pursuant to the terms of the applicable equity compensation plan, the Reporting Person was entitled to receive the number of stock appreciation rights equal to the Equity Award Adjustment Ratio for each such stock appreciation right, and the original strike price of $55.56 was converted to $29.50.

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