SEC Form 4 · accession 0001692742-18-000048

STERICYCLE INC · SRCL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Chief Operating Officer

Period of report

Mar 1, 2018

Accepted (ET)

Mar 5, 2018 · 4:27 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000861878

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F1	$62.04	Mar 1, 2018	A	28,605	A	—	Mar 1, 2026	Common Stock	28,605	28,605	D
Performance-based Restricted Stock Units^F2,F3	$0.00	Mar 1, 2018	A	7,151	A	—	—	Common Stock	7,151	12,149	D
Restricted Stock Units^F2,F4	$0.00	Mar 1, 2018	A	7,151	A	—	—	Common Stock	7,151	11,150	D

F1The option vests in 20% annual installments on each of the first five anniversaries of the grant date.
F2Each restricted stock unit (RSU) represents the right to receive, at settlement, one share of common stock.
F3The vesting of these performance-based restricted stock units ("PRSU") is dependent upon the achievement by Stericycle,Inc. of certain financial performance criteria. Subject to continued employment through the applicable vesting date and to accelerated vesting in certain circumstances, one-third (1/3) of the target number of PRSUs is scheduled to vest annually on each anniversary of the grant date following each of the 2018, 2019 and 2020 annual performance periods. Each year, the number of units that actually vest will be 0% to 100% of the scheduled amount, depending on the extent to which Stericycle, Inc. meets certain financial performance goals.
F4The RSUs vest in 20% annual installments on each of the first five anniversaries of the grant date. All unvested RSUs are subject to continued employment through the applicable vesting date.