SEC Form 4 · accession 0001225208-16-036324
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
Jul 5, 2016
Accepted (ET)
Jul 6, 2016 · 4:23 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 StockF1 | Jul 5, 2016 | M | 583,333 | $37.185 | A | 1,317,401 | D | |
| Common Stock | Jul 5, 2016 | F | 432,644 | $67.00 | D | 884,757 | 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 | $37.185 | Jul 5, 2016 | M | 583,333 | D | Mar 9, 2012 | Mar 9, 2021 | Common Stock | 583,333 | 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.