SEC Form 4 · accession 0001692742-19-000047
STERICYCLE INC · SRCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Ginnetti
Officer — Chief Financial Officer
Period of report
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 4:48 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 | Mar 4, 2019 | M | 716 | — | A | 9,429 | D | |
| Common StockF2 | Mar 4, 2019 | F | 210 | $50.13 | D | 9,219 | D | |
| Common StockF1 | Mar 4, 2019 | M | 1,025 | — | A | 10,244 | D | |
| Common StockF3 | Mar 4, 2019 | F | 301 | $50.13 | D | 9,943 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitsF1,F4 | $0.00 | Mar 4, 2019 | M | 716 | D | — | — | Common Stock | 716 | 11,433 | D |
| Performance-based Restricted Stock UnitsF1,F5 | $0.00 | Mar 4, 2019 | M | 1,025 | D | — | — | Common Stock | 1,025 | 10,408 | D |
Explanation of responses
- F1The 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, 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.
- F2No shares were sold. 210 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs.
- F3No shares were sold. 301 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs.
- F4This award was granted on February 16, 2017 for 4,998 shares. 716 shares vested on February 16, 2019. All unvested PSUs are subject to continued employment through the applicable vesting date.
- F5This award was granted on March 1, 2018 for 7,151 shares. 1,025 shares vested on March 1, 2019. All unvested PSUs are subject to continued employment through the applicable vesting date.