SEC Form 4 · accession 0001562180-19-001061
Waste Connections, Inc. · WCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry Sanford Hughes
Director
Period of report
Feb 15, 2019
Accepted (ET)
Feb 19, 2019 · 4:43 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 15, 2019 | M | 688 | $0.00 | A | 8,903 | D | |
| Common SharesF2 | Feb 15, 2019 | F | 368 | $82.899 | D | 8,535 | 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 15, 2019 | A | 550 | A | — | — | Common Shares | 550 | 550 | D |
| Restricted Share UnitsF4 | $0.00 | Feb 15, 2019 | A | 1,376 | A | — | — | Common Shares | 1,376 | 1,376 | D |
| Restricted Share UnitsF5 | $0.00 | Feb 15, 2019 | M | 688 | D | — | — | Common Shares | 688 | 688 | 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 purposed of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $109.80 = US $82.999
- 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 share units into common shares of the Issuer. The restricted share units were awarded on February 15, 2019 and have a vesting schedule of 50% immediately and 50% on the first anniversary of the award date.