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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1305014	Ashland Inc.	ASH	Wholesale-Chemicals & Allied Products (5160)	200865835

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1072302	M Lamar Chambers	50 E. Rivercenter Boulevard Covington KY 41012-0391	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2010-11-30	178	$0.00	7,164	No	4	A	Direct
Common Stock	Acquisiton	2010-12-01	10,687	$19.75	17,851	No	4	M	Direct
Common Stock	Acquisiton	2010-12-01	3,562	$23.87	21,413	No	4	M	Direct
Common Stock	Disposition	2010-12-01	14,249	$52.00	7,164	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2010-12-01	10,687	$0.00	10,687	$19.75
Common Stock	Stock Options (Right to Buy)	Disposition	2010-12-01	3,562	$0.00	3,562	$23.87

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2003-09-19	2012-10-19	No	4	M	Direct
0	2004-09-18	2013-10-18	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	14,919	Indirect	401(k)
Common Stock	2,738	Indirect	Lesop

Footnotes

Ashland Common Stock acquired pursuant to Ashland's 2006 Ashland Inc. Incentive Plan and exempt under Rule 16b-3(d).
The stock option exercises and stock sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person effective May 20, 2010.
Based on Employee Savings Plan information as of 11-30-10, the latest date for which such information is reasonably available.
Shares accrued under Ashland's Leveraged Employee Stock Ownership Plan as of 11-30-10.
Employee stock option (represents a right to buy Ashland Common Stock) granted pursuant to Ashland's Amended and Restated Stock Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year. The employee stock option includes a tax withholding feature pursuant to the plan.