SEC Form 4 · accession 0001225208-15-006152
WASTE MANAGEMENT INC · WM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E. Schwartz
Officer — Sr. VP, People
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 3:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000823768
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 26, 2015 | M | 23,230 | $37.185 | A | 53,207 | D | |
| Common Stock | Feb 26, 2015 | M | 14,632 | $33.49 | A | 67,839 | D | |
| Common StockF1 | Feb 26, 2015 | S | 30,400 | $54.2732 | D | 37,439 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $54.635 | Feb 25, 2015 | A | 22,767 | A | Feb 25, 2016 | Feb 25, 2025 | Common Stock | 22,767 | 22,767 | D |
| Stock Option (Right to Buy)F3 | $33.49 | Feb 26, 2015 | M | 14,632 | D | Mar 9, 2011 | Mar 9, 2020 | Common Stock | 14,632 | 0 | D |
| Stock Option (Right to Buy)F3 | $37.185 | Feb 26, 2015 | M | 23,230 | D | Mar 9, 2012 | Mar 9, 2021 | Common Stock | 23,230 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from 54.21 to 54.34. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2Stock option granted pursuant to Waste Management, Inc. 2014 Stock Incentive Plan. The stock option vests 25% on the first and second anniversary of the date of grant with the remaining 50% on the third anniversary of the date of grant.
- F3Stock option granted pursuant to Waste Management, Inc. 2009 Stock Incentive Plan. The stock option vests 25% on the first and second anniversary of the date of grant with the remaining 50% on the third anniversary of the date of grant.