SEC Form 4 · accession 0001562180-18-001121
Waste Connections, Inc. · WCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Davis
Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 4:14 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 Shares | Feb 20, 2018 | M | 842 | $0.00 | A | 13,440 | D | |
| Common SharesF2 | Feb 20, 2018 | F | 411 | $70.30 | D | 13,029 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Share UnitsF3 | $0.00 | Feb 20, 2018 | A | 673 | A | — | — | Common Shares | 673 | 673 | D |
| Restricted Share UnitsF4 | $0.00 | Feb 20, 2018 | A | 1,683 | A | — | — | Common Shares | 1,683 | 1,683 | D |
| Restricted Share UnitsF5 | $0.00 | Feb 20, 2018 | M | 842 | D | — | — | Commons Shares | 842 | 841 | D |
Explanation of responses
- F1Represents 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.
- F2For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $89.12 = US $70.30
- F3One Deferred Share Unit is the economic equivalent of one common share of the Issuer. Deferred Share Units will be settled in cash upon distribution to the reporting person upon such person's retirement and generally do not expire.
- F4Each restricted share 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 50% immediately on the award date and 50% on the first anniversary of the award date.
- F5Represents the conversion upon vesting of restricted shares units into common shares of the Issuer. The restricted shares units were awarded on February 20, 2018 and have a vesting schedule of 50% immediately and 50% on the first anniversary of the award date.