SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

MUSA OSAMA M

(Last)

(First)

(Middle)

1005 ROUTE 202/206

(Street)

BRIDGEWATER

08807

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/16/2018

3. Issuer Name and Ticker or Trading Symbol
ASHLAND GLOBAL HOLDINGS INC [ ASH ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	354	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Appreciation Right	11/14/2013	12/14/2022	Common Stock	2,000	$37.37⁽¹⁾	D
Stock Appreciation Right	11/13/2014	12/13/2023	Common Stock	2,825	$47.63⁽¹⁾	D
Stock Appreciation Right	11/12/2015	12/12/2024	Common Stock	2,730	$59.95⁽¹⁾	D
Stock Appreciation Right	11/18/2016	12/18/2025	Common Stock	6,968	$59.41⁽¹⁾	D
Stock Appreciation Right	11/16/2017	12/16/2026	Common Stock	9,793	$57.96⁽¹⁾	D
Stock Appreciation Right	11/15/2018	12/15/2027	Common Stock	8,650	$67.16⁽¹⁾	D
Restricted Stock Units	⁽²⁾	⁽²⁾	Common Stock	468	⁽³⁾	D
Restricted Stock Units	⁽⁴⁾	⁽⁴⁾	Common Stock	879	⁽³⁾	D
Restricted Stock Units	⁽⁵⁾	⁽⁵⁾	Common Stock	851	⁽³⁾	D
Restricted Stock Units	⁽⁶⁾	⁽⁶⁾	Common Stock	1,080	⁽³⁾	D
Restricted Stock Units	⁽⁷⁾	⁽⁷⁾	Common Stock	1,096	⁽³⁾	D
Restricted Stock Units	⁽⁸⁾	⁽⁸⁾	Common Stock	6,464	⁽³⁾	D

Explanation of Responses:

1. 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.

2. 468 Restricted Stock Units (inclusive of additional shares from dividends) remaining from an initial grant on 11/18/15 of 1,318 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 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.

3. Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.

4. One third of the Reporting Persons 2016-2018 performance units converted to time-based stock-settled Restricted Stock Units at target and vests three years from the original grant date of 11/18/2015.

5. Two thirds of the Reporting Persons 2016-2018 performance units converted to time-based stock-settled Restricted Stock Units based on performance of the 2016-2018 LTIP Plan and vests three years from the original grant date of 11/18/2015.

6. 1,080 Restricted Stock Units (inclusive of additional shares from dividends) remaining from an initial grant on 11/15/17 of 1,600 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 have a vesting schedule of three equal annual installments beginning 1 year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.

7. 1,096 Restricted Stock Units (inclusive of additional shares from dividends) remaining from an initial grant on 11/16/16 of 1,600 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 have a vesting schedule of three equal annual installments beginning 1 year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.

8. 6,464 Restricted Stock Units (inclusive of additional shares from dividends) remaining from an initial grant on 6/13/16 of 9,417 Restricted Stock Units pursuant to Ashland's incentive plan as approved by the shareohlders and exempt pursuant to Rule 16b-3. The shares in this grant will be cash settled and have a vesting schedule of one-third on the second year after grant date and the remaining two-thirds on the third year after grant date.

	/s/ Jennifer I. Henkel, Attorney-in-Fact	11/20/2018
	** 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 5 (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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