Ganz Peter

SEC source: 0001127602-17-033054 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,183

F1 · kind: The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2017.

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple lots. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price in this footnote.

F3 · balance_after: Balance includes 11,037 shares of unvested Restricted Stock.

SEC source: 0001127602-17-033127 · form4a.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,679

F1 · kind: The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2017.

F2 · shares: Due to an error by the Stock Plan Administrator, an incorrect number of shares were sold (3,379) and only 1,883 should have been sold. The Stock Plan Administrator corrected the error and is filing an amended Form 144 today.

F3 · balance_after: Balance includes 11,037 shares of unvested Restricted Stock.

SEC source: 0001127602-17-032858 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,562

F1 · kind: Payment of tax liability by withholding securities incident to the vesting of Restricted Common Stock acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

F2 · balance_after: Balance includes 11,137 shares of unvested Restricted Stock.

SEC source: 0001127602-17-032699 · form4.xml · derivative · entry 3

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,330

Underlying: Common Stock · 1,081 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F4 · derivative.exercise_date: 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.

F4 · derivative.expiration_date: 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.

SEC source: 0001127602-17-032699 · form4.xml · nonDerivative · entry 2

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,070

F2 · kind: Payment of tax liability by withholding securities incident to the vesting of Restricted Stock units acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

F1 · balance_after: Balance includes 15,924 shares of unvested Restricted Common Stock.

SEC source: 0001127602-17-032699 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,404

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Balance includes 15,924 shares of unvested Restricted Common Stock.

SEC source: 0001127602-17-032388 · form4.xml · derivative · entry 2

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,650

Underlying: Common Stock · 17,650 shares

Expires 2027-12-15

F3 · derivative.exercise_date: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

F3 · derivative.expiration_date: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

SEC source: 0001127602-17-032388 · form4.xml · derivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,411

Underlying: Common Stock · 3,200 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001127602-17-032203 · form4.xml · nonDerivative · entry 3

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,323

F3 · kind: Payment of tax liability by withholding securities incident to the vesting of Restricted Common Stock acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

F1 · balance_after: Balance includes 15,924 shares of unvested Restricted Stock.

SEC source: 0001127602-17-032203 · form4.xml · nonDerivative · entry 2

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,679

F2 · kind: Payment of tax liability by withholding of securities incident to the settlement of LTIP RSUs referenced in footnote 5 below.

F1 · balance_after: Balance includes 15,924 shares of unvested Restricted Stock.

SEC source: 0001127602-17-032203 · form4.xml · derivative · entry 4

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,211

Underlying: Common Stock · 7,092 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F5 · derivative.exercise_date: Grant of Restricted Stock Units provided after measurement of the performance of the 2015-2017 LTIP award, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest November 13, 2017 provided that the Reporting Person remains in continuous employment with the Issuer.

F5 · derivative.expiration_date: Grant of Restricted Stock Units provided after measurement of the performance of the 2015-2017 LTIP award, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest November 13, 2017 provided that the Reporting Person remains in continuous employment with the Issuer.

SEC source: 0001127602-17-032203 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,867

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Balance includes 15,924 shares of unvested Restricted Stock.

SEC source: 0001127602-17-027386 · form4.xml · derivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,282

Underlying: Common Stock · 2,249 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F2 · shares: Pursuant to the terms of the FY 2016-2018 Long Term Incentive Plan (the "LTIP Plan"), two-thirds of the performance units under the LTIP Plan were scored resulting in 2,249 time-based, stock-settled restricted stock units.

F3 · derivative.exercise_date: The Restricted Stock Units described in footnote 2 vest on November 18, 2018 so long as the Reporting Person remains employed through such vesting date.

F3 · derivative.expiration_date: The Restricted Stock Units described in footnote 2 vest on November 18, 2018 so long as the Reporting Person remains employed through such vesting date.

SEC source: 0001127602-17-023978 · form4.xml · derivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,033

Underlying: Common Stock · 7,092 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F2 · derivative.exercise_date: 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 on November 13, 2017, provided that the Reporting Person remains in continuous employment with the Issuer.

F2 · derivative.expiration_date: 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 on November 13, 2017, provided that the Reporting Person remains in continuous employment with the Issuer.

F3 · balance_after: Balance includes 19 additional restricted stock units acquired in lieu of cash dividends paid on June 15, 2017.

SEC source: 0001127602-17-020785 · form4.xml · derivative · entry 8

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,937

Underlying: Common Stock · 6,537 shares

Expires 2023-12-13

F13 · derivative.exercise_price: 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.

F13 · price: 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.

SEC source: 0001127602-17-020785 · form4.xml · derivative · entry 7

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,193

Underlying: Common Stock · 13,693 shares

Expires 2022-12-14

F12 · derivative.exercise_price: 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.

F12 · price: 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.

SEC source: 0001127602-17-020785 · form4.xml · derivative · entry 6

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,216

Underlying: Common Stock · 2,916 shares

Expires 2022-01-02

F11 · derivative.exercise_price: 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.

F11 · price: 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.

SEC source: 0001127602-17-020785 · form4.xml · derivative · entry 5

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,125

Underlying: Common Stock · 6,625 shares

Expires 2024-12-12

F10 · derivative.exercise_price: 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.

F10 · price: 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.

SEC source: 0001127602-17-020785 · form4.xml · derivative · entry 4

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,363

Underlying: Common Stock · 8,613 shares

Expires 2025-12-18

F8 · derivative.exercise_price: 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.

F8 · price: 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.

F9 · derivative.exercise_date: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

F9 · derivative.expiration_date: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

SEC source: 0001127602-17-020785 · form4.xml · derivative · entry 3

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,152

Underlying: Common Stock · 9,452 shares

Expires 2026-12-16

F7 · derivative.exercise_price: 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 $109.15 was converted to $57.96.

F7 · price: 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 $109.15 was converted to $57.96.

SEC source: 0001127602-17-020785 · form4.xml · derivative · entry 2

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,922

Underlying: Common Stock · 4,950 shares

Expires not disclosed

F3 · derivative.exercise_price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F4 · shares: Represents the sum of 2,627 restricted stock units granted pursuant to the adjustment described in clause (a) of this footnote (4) and 2,323 restricted stock units granted pursuant to the plan described in clause (b) of this footnote (4). (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 2,323 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.

F4 · price: Represents the sum of 2,627 restricted stock units granted pursuant to the adjustment described in clause (a) of this footnote (4) and 2,323 restricted stock units granted pursuant to the plan described in clause (b) of this footnote (4). (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 2,323 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.

F5 · derivative.exercise_date: The restricted stock units described in clause (a) of footnote (4) 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 (4) 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.

F5 · derivative.expiration_date: The restricted stock units described in clause (a) of footnote (4) 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 (4) 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.

F6 · balance_after: Balance includes 19 additional restricted stock units acquired in lieu of cash dividends, 10 of which were paid on December 15, 2016, and 9 which were paid on March 15, 2017.

SEC source: 0001127602-17-020785 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,614

F1 · price: Represents the sum of 2,814 shares of restricted stock granted pursuant to the adjustment described in clause (a) of this footnote (1) and 10,916 shares of restricted stock granted pursuant to the plan described in clause (b) of this footnote (1). (a) 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. (b) Pursuant to the terms of the Executive Performance Incentive and Retention Program (the "EPIRP"), upon the Distribution, one-third of the Reporting Person's performance-based restricted shares granted under the EPIRP were convertible at "target" level (i.e. 50%) into 10,916 time-vested restricted shares immediately following the 120th day following the consummation of the Distribution. Pursuant to the terms of the EPIRP, each such time-vested restricted share was further adjusted into the number of time-vested restricted shares equal to the Equity Award Adjustment Ratio.

F2 · balance_after: Includes 16,914 shares of unvested restricted stock. Balance also includes 19 additional shares of restricted stock acquired in lieu of cash dividends, 10 of which were paid on December 15, 2016 and 9 which were paid on March 15, 2017.

SEC source: 0001127602-17-026347 · form4a.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,658

F1 · shares: Due to a clerical error, the Reporting Person received 44 more shares of Restricted Common Stock under the Executive Performance Incentive and Retention Program than was reported at the time of the original filing.

SEC source: 0001127602-16-068210 · form4.xml · derivative · entry 3

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,956

Underlying: Common Stock · 621 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F4 · derivative.exercise_date: 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.

F4 · derivative.expiration_date: 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.

SEC source: 0001127602-16-068210 · form4.xml · nonDerivative · entry 2

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,717

F3 · kind: Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

F2 · balance_after: Includes 3,165 shares of unvested Restricted Stock.

SEC source: 0001127602-16-068210 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,909

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F2 · balance_after: Includes 3,165 shares of unvested Restricted Stock.

SEC source: 0001127602-16-067802 · form4.xml · nonDerivative · entry 2

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,288

F3 · kind: Payment of tax liability by withholding incident to the receipt of the vesting of shares of Restricted Common Stock acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

F2 · balance_after: Includes 3,165 shares of unvested Restricted Stock.

SEC source: 0001127602-16-067802 · form4.xml · derivative · entry 4

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,577

Underlying: Common Stock · 1,700 shares

Expires not disclosed

F5 · derivative.exercise_price: Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

F6 · derivative.exercise_date: 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.

F6 · derivative.expiration_date: 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.

SEC source: 0001127602-16-067802 · form4.xml · derivative · entry 3

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,700

Underlying: Common Stock · 10,700 shares

Expires 2026-12-16

F4 · derivative.exercise_date: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

F4 · derivative.expiration_date: Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.

SEC source: 0001127602-16-067802 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,867

F1 · kind: Ashland Common Stock acquired upon settlement of LTIP award pursuant to Ashland's incentive plan and exempt under Rule 16b-3(d).

F2 · balance_after: Includes 3,165 shares of unvested Restricted Stock.

SEC source: 0001127602-16-068494 · form4a.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,015

F1 · kind: Payment of tax liability by withholding of securities incident to the settlement of LTIP award referenced in footnote 1 of the Form 4 filed November 18, 2016.

F2 · balance_after: Includes 8,281 shares of unvested Restricted Stock.

SEC source: 0001127602-16-067464 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,127

F1 · kind: Payment of tax liability by withholding incident to the receipt of the vesting of shares of Restricted Common Stock acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

F2 · balance_after: Includes 8,281 shares of unvested Restricted Stock.

SEC source: 0001127602-16-061955 · form4.xml · nonDerivative · entry 1

Ganz Peter · CIK 0001337976 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,495

F1 · kind: The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2015.

F2 · balance_after: Includes 9,535 shares of unvested Restricted Stock.