SEC Form 4 · accession 0001225208-16-032530
WASTE MANAGEMENT INC · WM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Puneet Bhasin
Officer — EVP Corp Op & Pres WM Recyclin
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 4:27 pm EDT
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 | May 2, 2016 | M | 23,565 | $36.885 | A | 65,891 | D | |
| Common StockF1 | May 2, 2016 | S | 23,565 | $59.5877 | D | 42,326 | 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 | $36.885 | May 2, 2016 | M | 23,565 | D | Mar 8, 2014 | Mar 8, 2023 | Common Stock | 23,565 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $59.57 to $59.63. 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. 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.