Sec Form 4 Filing - WILLIS J KEVIN @ ASHLAND GLOBAL HOLDINGS INC - 2018-11-15

Insider filing report for Changes in Beneficial Ownership
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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
WILLIS J KEVIN
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)
Chief Financial Officer
(Last) (First) (Middle)
50 E. RIVERCENTER BLVD.
3. Date of Earliest Transaction (MM/DD/YY)
11/15/2018
(Street)
COVINGTON, KY41011
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 11/15/2018 M 1,737 A $ 82.34 15,885 ( 1 ) D
Common Stock 11/15/2018 F 510 D $ 82.34 15,375 ( 1 ) D
Common Stock 17,710 ( 2 ) I 401(k)
Common Stock 0 ( 3 ) I Trust
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 ) 11/15/2018 M 1,737 ( 5 ) ( 5 ) Common Stock 1,737 $ 0 20,434 ( 6 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WILLIS J KEVIN
50 E. RIVERCENTER BLVD.
COVINGTON, KY41011
Chief Financial Officer
Signatures
/s/ Jennifer I. Henkel, Attorney-in-Fact 11/19/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Balance includes 13,045 unvested shares of Restricted Stock. Balance also includes shares of restricted stock acquired in lieu of cash dividends, 39 shares acquired on December 15, 2017; 41 shares acquired on March 15, 2018; 41 shares acquired on June 15, 2018 and 38 shares acquired on September 15, 2018.
( 2 )Based on Employee Savings Plan information as of October 31, 2018, the latest date for which such information is reasonably available.
( 3 )Ashland Global Holdings Inc. ("Ashland") distributed to its stockholders on May 12, 2017, 170,000,000 shares of Valvoline Inc. ("Valvoline") common stock as a pro rata dividend. As previously reported, in connection with the separation of Ashland and Valvoline, half of Mr. Willis's LESOP account was transferred to Valvoline and was required by law to be sold over time beginning as early as November 30, 2017. Ashland has previously reported such amount of 444 shares as an indirect interest under a trust. Ashland was informed on January 4, 2018, that the trustee sold the Ashland LESOP shares held by Mr. Willis under the Valvoline 401(k) Plan on December 26, 2017 and Mr. Willis therefore no longer owns any Ashland shares in the Valvoline 401(k) Plan trust.
( 4 )Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
( 5 )Grant of Restricted Stock Units, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant will vest in three equal annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.
( 6 )Balance also includes shares of restricted stock units acquired in lieu of cash dividends, 32 shares acquired on December 15, 2017; 33 shares acquired on March 15, 2018; 33 shares acquired on June 15, 2018 and 32 shares acquired on September 15, 2018.

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