SEC Form 4 · accession 0001692742-18-000060
STERICYCLE INC · SRCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Hoffman
Officer — SVP & Chief Accounting Officer
Period of report
Mar 1, 2018
Accepted (ET)
Apr 9, 2018 · 4:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000861878
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| 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,F2 | $62.04 | Mar 1, 2018 | A | 5,238 | A | — | Mar 1, 2026 | Common Stock | 5,238 | 5,238 | D |
| Performance-based Restricted Stock UnitsF1,F3,F4 | $0.00 | Mar 1, 2018 | A | 7,857 | A | — | — | Common Stock | 7,857 | 7,857 | D |
| Restricted Stock UnitsF1,F3,F5 | $0.00 | Mar 1, 2018 | A | 3,928 | A | — | — | Common Stock | 3,928 | 6,762 | D |
Explanation of responses
- F1Grant was inadvertently not reported previously due to an administrative error by the Issuer.
- F2The option vests in 20% annual installments on each of the first five anniversaries of the grant date.
- F3Each restricted stock unit (RSU) represents the right to receive, at settlement, one share of common stock.
- F4The 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-fourth (1/4) of the target number of PRSUs is scheduled to vest annually on each anniversary of the grant date following each of the 2018,2019,2020 and 2021 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.
- F5The 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.