SEC Form 4 · accession 0001562180-18-000740
Waste Connections, Inc. · WCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Stephen Black
Officer — Sr. Vice President - Tax
Period of report
Feb 11, 2018
Accepted (ET)
Feb 13, 2018 · 2:24 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 11, 2018 | M | 1,815 | $0.00 | A | 24,369 | D | |
| Common Shares | Feb 11, 2018 | F | 514 | $66.76 | D | 23,855 | D | |
| Common Shares | Feb 12, 2018 | M | 1,893 | $0.00 | A | 25,748 | D | |
| Common Shares | Feb 12, 2018 | F | 456 | $67.85 | D | 25,292 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3 | $0.00 | Feb 11, 2018 | M | 1,815 | D | — | — | Common Shares | 1,815 | 3,628 | D |
| Restricted Share UnitsF4 | $0.00 | Feb 12, 2018 | M | 1,893 | D | — | — | Common Shares | 1,893 | 1,894 | D |
Explanation of responses
- F1The number of common shares listed in Column 5 of Table I excludes the number of unvested performance-based restricted share units ("PSUs") and restricted share units ("RSUs") previously granted by Waste Connections, Inc. (the "Issuer") to the reporting person. As of the date of this Form 4, the reporting person owns an additional 16,658 PSUs (with the number of units that actually vest at the end of each applicable performance period being 0% to 250% of the scheduled amount depending on the terms of the PSU and the extent to which the Issuer meets or exceeds certain performance goals at the end of each year during the performance period) and 1,858 RSUs. The reporting person will report his PSUs and RSUs separately in Table II of each subsequent Form 4 filed by the reporting person.
- F2Represents shares withheld by the Issuer in satisfaction of the applicable withholding taxes due in connection with the vesting of restricted share units and delivery of the converted common shares.
- F3Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 11, 2016 and have a vesting schedule of 25% per year over a four-year period. The common shares are reported on Table 1.
- F4Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 12, 2015 and have a vesting schedule of 25% per year over a four-year period. The common shares are reported in Table 1.