SEC Form 4 · accession 0001692742-19-000050

STERICYCLE INC · SRCL

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

Reporting owner

Officer — SVP & Chief Accounting Officer

Period of report

Mar 11, 2019

Accepted (ET)

Mar 12, 2019 · 4:01 pm EDT

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 Stock^F1	Mar 11, 2019	M	1,208	—	A	1,721	D
Common Stock^F2	Mar 11, 2019	F	355	$48.00	D	1,366	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance-based Restricted Stock Units^F1,F3	$0.00	Mar 11, 2019	M	1,208	D	—	—	Common Stock	1,208	6,649	D

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-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.
F2No shares were sold. 355 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs.
F3This award was granted on March 1, 2018 for 7,857 shares. 1,208 shares vested on March 1, 2019. All unvested PSUs are subject to continued employment through the applicable vesting date.