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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
1378231	H Walter Solomon	3499 Blazer Parkway Lexington KY 40509	Vice President	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	2012-11-05	8,812	$49.79	26,602	No	4	M	Direct
Common Stock	Acquisiton	2012-11-05	3,100	$37.69	29,702	No	4	M	Direct
Common Stock	Disposition	2012-11-05	7,031	$72.39	22,671	No	4	F	Direct
Common Stock	Disposition	2012-11-05	2,138	$72.39	20,533	No	4	F	Direct
Common Stock	Disposition	2012-11-05	2,743	$72.30	17,790	No	4	S	Direct
Common Stock	Disposition	2012-11-06	538	$0.00	17,252	No	5	G	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct
No	4	F	Direct
No	4	S	Direct
No	5	G	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Appreciation Right	Disposition	2012-11-05	8,812	$0.00	8,812	$49.79
Common Stock	Stock Appreciation Right	Disposition	2012-11-05	3,100	$0.00	3,100	$37.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2006-09-15	2015-10-15	No	4	M	Direct
2,900	2010-11-18	2019-12-18	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,430	Indirect	401(k)
Common Stock	150	Indirect	Parent

Footnotes

Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 5.
Payment of exercise price and tax liability by withholding securities incident to the exercise of Stock Appreciation Rights referenced in footnote 6.
Based on Employee Savings Plan information as of 10-31-12, the latest date for which such information is reasonably available.
Shares that may be deemed beneficially owned pursuant to a power of attorney. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
Stock Appreciation Right 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.
Stock Appreciation Right granted pursuant to the 2006 Ashland Inc. 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.