SEC Form 4 · accession 0001057058-16-000079
Waste Connections US, Inc. · WCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darrell W Chambliss
Officer — Chief Operating Officer
Period of report
May 26, 2016
Accepted (ET)
May 31, 2016 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001057058
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 26, 2016 | A | 8,040 | $0.00 | A | 152,441 | D | |
| Common StockF2 | May 26, 2016 | F | 3,373 | $66.90 | D | 149,068 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the accelerated vesting and settlement into shares of Issuer common stock of performance-based stock units ("PSUs"). The acceleration of the vesting of the PSUs occurred as a result of a determination made by the Compensation Committee of the Board of Directors of the Issuer in connection with the pending merger pursuant to an Agreement and Plan of Merger by and among Progressive Waste Solutions Ltd., Water Merger Sub LLC and the Issuer.
- F2Represents shares of issuer common stock withheld by the Issuer from the settlement of the PSUs in satisfaction of the applicable withholding taxes due as a result of the vesting of the PSUs, through an automatic share withholding procedure. Pursuant to this procedure the issuer withholds, upon the acclerated vesting of such PSUs, a portion of the vested shares issuable under the award with a fair market value (measured as of the accelerated vesting date) equal to the amount of such withholding taxes.