SEC Form 4 · accession 0001692742-19-000060

STERICYCLE INC · SRCL

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

Reporting owner

Officer — Chief Financial Officer

Period of report

Mar 12, 2019

Accepted (ET)

Mar 13, 2019 · 5:30 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.

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	$48.59	Mar 12, 2019	A	24,654	A	—	Mar 12, 2027	Common Stock	24,654	24,654	D
Performance-based Restricted Stock Units^F2,F3	$0.00	Mar 12, 2019	A	7,146	A	—	—	Common Stock	7,146	17,554	D
Restricted Stock Units^F2,F4	$0.00	Mar 12, 2019	A	7,146	A	—	—	Common Stock	7,146	15,867	D

F1The option vests in 3 annual installments on each of the first three 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 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.
F4The RSUs vest in 3 annual installments on each of the first three anniversaries of the grant date. All unvested RSUs are subject to continued employment through the applicable vesting date.