UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Butler, Samuel C.
Cravath, Swaine & Moore
825 Eighth Avenue - Worldwide Plaza
New York, New York 10019
2. Issuer Name and Ticker or Trading Symbol
Ashland Inc.
ASH
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
June 30, 2000
5. If Amendment, Date of Original (Month/Year)
June 30, 2000
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock | | | | | | |2,000 (1) |D | |
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Common Stock | | | | | | |750 (2) |I |By Wife |
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Common Stock |6-21-0|J (3| |3,879 |D |$36.1295 |-0- (4) |I |By Trustee |
|0 |) | | | | | | | |
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Common Stock |6-21-0|J (3| |3,879 |A |$36.1295 |3,879 |D | |
|0 |) | | | | | | | |
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Common Stock | | | | | | |547 (5) |D | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Option (6) |37.50 | | | | | |7-28-|1-28-|Common Stock|1,000 | |1,000 |D | |
| | | | | | |94 |04 | | | | | | |
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Option (6) |33.00 | | | | | |7-27-|1-27-|Common Stock|1,000 | |1,000 |D | |
| | | | | | |95 |05 | | | | | | |
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Option (6) |43.125 | | | | | |7-30-|1-30-|Common Stock|1,000 | |1,000 |D | |
| | | | | | |97 |07 | | | | | | |
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Option (6) |52.75 | | | | | |7-29-|1-29-|Common Stock|1,000 | |1,000 |D | |
| | | | | | |98 |08 | | | | | | |
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Common Stock Units (7)|1-for-1 | |J |V|2,819 |A | | |Common Stock|2,819 | |59,454 |D | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
1. Represents shares of restricted common stock acquired pursuant to Ashland's
stock incentive plans as approved by the shareholders and exempt
pursuant to Rule
16b-3.
2. Owned by wife. I hereby disclaim beneficial ownership of these
shares.
3. Non-taxable exchange between Trust and grantor of
Trust.
4. Owned by Daniel L. Mosely, Trustee U/A/D 7/30/90 M/B Samuel C.
Butler.
5. Shares allocated pursuant to Ashland's Dividend Reinvestment Plan as of
6-15-00.
6. Stock options under Ashland's Deferred Compensation Plan for Non-Employee
Directors.
7. Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan
for Non-Employee Directors as of 6-30-00 and includes
transactions occurring on or after 10-1-99, payable in cash or stock upon
termination of service and exempt under Rule 16b-3. The price of the
Common Stock Units on applicable valuation dates has varied from $31.688 -
$35.563.
SIGNATURE OF REPORTING PERSON
Samuel C. Butler
DATE
July 10, 2000
