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
Noonan, Patrick F.
The Conservation Fund
1800 North Kent Street
Arlington, Virginia 22209
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
December 31, 1999
5. If Amendment, Date of Original (Month/Year)
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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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock | | | | | | |2,000 (1) |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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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option (2) |37.50 | | | | | |7-28-|1-28-|Common Stock|500 | |500 |I (|By Grandson |
| | | | | | |94 |04 | | | | |4) | |
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Option (2) |37.50 | | | | | |7-28-|1-28-|Common Stock|500 | |500 |I (|By Grandson |
| | | | | | |94 |04 | | | | |5) | |
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Option (2) |33.00 |12-28|G(3)|V|1,000 |D |7-27-|1-27-|Common Stock|1,000 | |0 |D | |
| |-99 | | | | |95 |05 | | | | | | |
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Option (2) |33.00 |12-28|G |V|500 |A |7-27-|1-27-|Common Stock|500 | |500 |I (|By Grandson |
| |-99 | | | | |95 |05 | | | | |4) | |
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Option (2) |33.00 |12-28|G |V|500 |A |7-27-|1-27-|Common Stock|500 | |500 |I (|By Grandson |
| |-99 | | | | |95 |05 | | | | |5) | |
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Option (2) |43.125 | | | | | |7-30-|1-30-|Common Stock|1,000 | |1,000 |D | |
| | | | | | |97 |07 | | | | | | |
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Option (2) |52.75 | | | | | |7-29-|1-29-|Common Stock|1,000 | |1,000 |D | |
| | | | | | |98 |08 | | | | | | |
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Common Stock Units (6)|1-for-1 | |J |V|480 |A | | |Common Stock|480 | |10,793 |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. Stock options under Ashland Inc.'s Deferred Compensation Plan for
Non-Employee Directors.
3. Gift of 500 shares to each of my grandchildren, neither of whom resides in
my household.
4. I hereby disclaim beneficial ownership of securities owned by my grandson,
Ryan Ziemski.
5. I hereby disclaim beneficial ownership of securities owned by my grandson,
John Ziemski.
6. Common Stock Units acquired pursuant to Ashland's Deferred Compensation and
Stock Incentive Plan for
Non-Employee Directors as of December 31, 1999 and includes transactions after
September 30, 1999, payable in
cash or stock upon termination of service and exempt under Rule 16b-3(d).
SIGNATURE OF REPORTING PERSON
Patrick F. Noonan
DATE
December 31, 1999
