ADVANCED EMISSIONS SOLUTS IN

Ticker: ARQ CUSIP: 00770C101 Class: COM

Factorial Partners, LLC's Holding History (CIK: 0001732687)

Note: Option positions (PUT/CALL) are excluded.

Q1 2019

Shares 21,057 Value ($000) $243,419 Avg Close $10.38 Range $9.12 - $11.21

Q4 2018

Shares 53,057 Value ($000) $559,751 Avg Close $9.19 Range $7.91 - $10.85

Q3 2018

Shares 53,057 Value ($000) $634,561 Avg Close $9.89 Range $9.48 - $10.53

Q2 2018

Shares 53,057 Value ($000) $602,727 Avg Close $9.49 Range $9.09 - $10.05

Q1 2018

Shares 53,057 Value ($000) $605,911 Avg Close $7.79 Range $5.72 - $9.89

Q4 2017

Shares 53,057 Value ($000) $512,531 Avg Close $8.59 Range $6.46 - $9.74

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	21,057	$243,419	$10.38	$9.12 - $11.21
Q4 2018	53,057	$559,751	$9.19	$7.91 - $10.85
Q3 2018	53,057	$634,561	$9.89	$9.48 - $10.53
Q2 2018	53,057	$602,727	$9.49	$9.09 - $10.05
Q1 2018	53,057	$605,911	$7.79	$5.72 - $9.89
Q4 2017	53,057	$512,531	$8.59	$6.46 - $9.74