SEC Form 4 · accession 0001057058-16-000100
Waste Connections US, Inc. · WCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Worthing Jackman
Officer — EVP & CFO
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 1:07 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 | Jun 1, 2016 | D | 50,946 | — | D | 0 | D | |
| Common StockF2 | Jun 1, 2016 | D | 58,577 | — | D | 0 | D | |
| Common StockF3 | Jun 1, 2016 | D | 16,618 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to an Agreement and Plan of Merger (the "Merger Agreement" and the merger contemplated thereby, the "Merger") by and among the Issuer, Water Merger Sub LLC, and Waste Connections, Inc. (formerly Progressive Waste Solutions Ltd., "New WCN") in exchange for an equal number of New WCN common shares having a market value of $67.18 per share on the closing date of the Merger.
- F2Represents restricted stock units that, as a result of the Merger, are assumed by New WCN and converted into restricted share units relating to an equal number of New WCN common shares. The value of such units are based on the market value of the common shares of New WCN.
- F3Represents an award by Issuer of restricted stock units to be settled pursuant to an election made in connection with the Issuer's nonqualified deferred compensation plan which, as a result of the Merger, were assumed by New WCN and converted into deferred restricted share units relating to an equal number of New WCN common shares. The value of such units are based on the market value of the common shares of New WCN.