SEC Form 4 · accession 0001562180-17-000957
Waste Connections, Inc. · WCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Lee
Director
Period of report
Jul 19, 2016
Accepted (ET)
Feb 28, 2017 · 4:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001318220
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 24, 2017 | A | 1,311 | $0.00 | A | 5,810 | D | |
| Common SharesF2,F3 | Feb 24, 2017 | S | 321 | $87.31 | D | 5,489 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common SharesF4 | — | Jul 19, 2016 | A | 262 | A | — | — | Common Shares | 262 | 262 | D |
| Common SharesF4 | — | Feb 24, 2017 | A | 525 | A | — | — | Common Shares | 525 | 787 | D |
Explanation of responses
- F1This represents an award of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common shares. Subject to the reporting person's continued service with the issuer, the award shall vest in 2 equal annual installments, commencing on the date of the grant.
- F2Represents shares withheld by the Company from an award of restricted share units in satisfaction of the applicable withholding taxes due as a result of the vesting of those restricted share units through an automatic share withholding procedure. Pursuant to this procedure, the Company withholds as the units vest a portion of the vested shares issuable under the award with a fair market value (measured as of the vesting date) equal to the amount of such withholding taxes.
- F3For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars based on the Bank of Canada daily noon exchange rate for February 24, 2017, Cdn.$1.00 = US$0.7631
- F4One Deferred Stock Unit ("DSU") is the economic equivalent of one common share of Waste Connections, Inc. ("WCN"), granted pursuant to Waste Connections, Inc. 2016 Incentive Award Plan. DSU units will be settled in cash upon distribution to the reporting person upon such person's retirement and generally do not expire.