Ashland Global Holdings Inc.
ASHLAND GLOBAL HOLDINGS INC (Form: 4, Received: 02/02/2018 14:09:12)
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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

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/YYYY)

2/1/2018
(Street)

COVINGTON, KY 41012-0391
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   2/1/2018     M    4614   A $29.50   15152   D    
Common Stock   2/1/2018     M    5462   A $37.37   20614   D    
Common Stock   2/1/2018     M    5273   A $47.63   25887   D    
Common Stock   2/1/2018     F (1)    4159   D $70.15   21728   D    
Common Stock   2/1/2018     F (2)    3782   D $70.16   17946   D    
Common Stock   2/1/2018     F (3)    2913   D $70.10   15033   D    
Common Stock   2/1/2018     S    4495   D $70.31   (4) 10538   D    
Common Stock                  326   (5) I   401(k)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Stock Appreciation Right   $29.50   2/1/2018     M   (6)       4614    12/2/2012   1/2/2022   Common Stock   4614   $0   0   D    
Stock Appreciation Right   $37.37   2/1/2018     M   (7)       5462    11/14/2013   12/14/2022   Common Stock   5462   $0   0   D    
Stock Appreciation Right   $47.63   2/1/2018     M   (8)       5273    11/13/2014   12/13/2023   Common Stock   5273   $0   0   D    

Explanation of Responses:
(1)  Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 8 below.
(2)  Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 7 below.
(3)  Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 6 below.
(4)  The price reported in column 4 is a weighted average price. These shares were sold in multiple lots ranging from $70.28 to $70.34, inclusive. 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.
(5)  Based on Employee Savings Plan information as of January 12, 2018, the latest date for which such information is reasonably available.
(6)  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.
(7)  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.
(8)  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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HEITMAN WILLIAM J
50 E. RIVERCENTER BOULEVARD
COVINGTON, KY 41012-0391


Controller

Signatures
/s/ Jennifer I. Henkel, Attorney-in-Fact 2/2/2018
** Signature of Reporting Person Date


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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