SEC Form 4 · accession 0001562180-18-000743
Waste Connections, Inc. · WCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Eddie
Officer — Sr. VP & Chief Accting Officer
Period of report
Feb 11, 2018
Accepted (ET)
Feb 13, 2018 · 2:27 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,F2 | Feb 11, 2018 | M | 2,865 | $0.00 | D | 58,251 | D | |
| Common Shares | Feb 11, 2018 | F | 1,186 | $66.76 | D | 57,065 | D | |
| Common Shares | Feb 12, 2018 | M | 3,655 | $0.00 | A | 60,720 | D | |
| Common Shares | Feb 12, 2018 | F | 1,439 | $67.85 | D | 59,281 | 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 UnitsF4 | $0.00 | Feb 11, 2018 | M | 2,865 | D | — | — | Common Shares | 2,865 | 5,729 | D |
| Restricted Stock UnitsF5 | $0.00 | Feb 12, 2018 | M | 3,655 | D | — | — | Common Shares | 3,655 | 3,657 | D |
Explanation of responses
- F1Reporting person transferred 52,513 shares to his ex-wife pursuant to a domestic relations order. Reporting person no longer claims beneficial ownership of these shares.
- F2The number of common shares listed in Column 5 of Table 1 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 25,389 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 3,588 RSUs. The reporting person will report his PSUs and RSUs separately in Table II of each subsequent Form 4 filed by the reporting person.
- F3Represents 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.
- F4Represents 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.
- F5Represents 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.