SEC Form 4 · accession 0001225208-16-034946
WASTE MANAGEMENT INC · WM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Steiner
Officer — President and CEO · Director
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 5:15 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 | Jun 9, 2016 | M | 331,008 | $33.49 | A | 975,887 | D | |
| Common StockF1 | Jun 9, 2016 | F | 241,819 | $62.50 | D | 734,068 | D | |
| Common Stock | holding | — | — | — | 12,149 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 343,294 | I | Steiner Family Holdings, LLC |
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 | $33.49 | Jun 9, 2016 | M | 331,008 | D | Mar 9, 2011 | Mar 9, 2020 | Common Stock | 331,008 | 0 | D |
Explanation of responses
- F1Stock option exercise and shares withheld to pay option costs and taxes pursuant to a stock trading plan.
- 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.