SEC Form 4 · accession 0001692742-19-000063
STERICYCLE INC · SRCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Weisman
Officer — EVP Corp Ethics and Compliance
Period of report
Mar 12, 2019
Accepted (ET)
Mar 13, 2019 · 5:32 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 | $48.59 | Mar 12, 2019 | A | 11,833 | A | — | Mar 12, 2027 | Common Stock | 11,833 | 11,833 | D |
| Performance-based Restricted Stock UnitsF2,F3 | $0.00 | Mar 12, 2019 | A | 3,430 | A | — | — | Common Stock | 3,430 | 5,091 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | Mar 12, 2019 | A | 3,430 | A | — | — | Common Stock | 3,430 | 5,091 | D |
Explanation of responses
- 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.