SEC Form 4 · accession 0001568150-17-000023
STERICYCLE INC · SRCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles A Alutto
Officer — President & CEO · Director
Period of report
Feb 5, 2017
Accepted (ET)
Feb 6, 2017 · 6:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000861878
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 5, 2017 | M | 1,405 | — | A | 2,000 | D | |
| Common StockF2 | Feb 5, 2017 | F | 621 | $73.71 | D | 1,379 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | $0.00 | Feb 5, 2017 | M | 1,405 | D | — | Feb 5, 2021 | Common Stock | 1,405 | 5,622 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
- F2No shares were sold. 621 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of RSUs.
- F3This award was granted on February 5, 2016 for 7,027 shares. 1,405 shares vested on February 5, 2017 and the remaining unvested RSUs will continue to vest in equal annual installments on the next 4 anniversaries of the grant date. All unvested RSUs are subject to continued employment through the applicable vesting date.