SEC Form 4 · accession 0000899243-16-031728

Advanced Disposal Services, Inc. · ADSW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Matthew C. Gunnelson

Officer — Chief Accounting Officer

Period of report

Oct 12, 2016

Accepted (ET)

Oct 14, 2016 · 5:39 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001585790

Table I — non-derivative securities

No Table I lines on this filing.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F2	$18.80	Oct 12, 2016	A	4,534	A	—	Mar 4, 2025	Common Stock	4,534	4,534	D
Employee Stock Option (right to buy)^F3	$19.10	Oct 12, 2016	A	6,153	A	—	May 14, 2024	Common Stock	6,153	6,153	D
Employee Stock Option (right to buy)^F4	$19.10	Oct 12, 2016	A	4,508	A	—	May 14, 2024	Common Stock	4,508	4,508	D
Employee Stock Option (right to buy)^F5	$17.70	Oct 12, 2016	A	12,353	A	—	Apr 25, 2023	Common Stock	12,353	12,353	D
Employee Stock Option (right to buy)^F6	$24.29	Oct 12, 2016	A	11,870	A	—	May 2, 2026	Common Stock	11,870	11,870	D
Employee Stock Option (right to buy)^F7	$18.00	Oct 12, 2016	A	57,022	A	—	Oct 12, 2026	Common Stock	57,022	57,022	D

Explanation of responses

F1Option awards that were granted to replace options of equivalent intrinsic value that covered common stock of Parent and were cancelled in connection with the Merger.
F2These options vest 20% on the date of grant (03/04/2015) and 20% annually thereafter on the anniversary of the date of grant.
F3Prior to the closing of the Issuer's initial public offering, these options were scheduled to vest in full on the fifth anniversary of the date of grant. However, by the terms of the award, upon the closing of the Issuer's initial public offering, the vesting schedule for these options changed so that 20% of the options were vested on the date of grant (05/14/2014) and 20% vested and will vest annually thereafter on the anniversary of the date of grant.
F4These options vest 20% on the date of grant (05/14/2014) and 20% annually thereafter on the anniversary of the date of grant.
F5Prior to the closing of the Issuer's initial public offering, these options were scheduled to vest in full on the fifth anniversary of the date of grant. However, by the terms of the award, upon the closing of the Issuer's initial public offering, the vesting schedule for these options changed so that 20% of the options were vested on the date of grant (04/23/2013) and 20% vested and will vest annually thereafter on the anniversary of the date of grant.
F6These options will vest in three equal installments over each of the first three anniversaries of the date of grant (date of grant being 5/02/2016).
F7Award of options made in connection with the Issuer's initial public offering. The options will vest over each of the first three anniversaries of the date of grant (the date of grant being 10/12/2016).