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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance-based Restricted Stock Units | $ 0 (1) | 03/04/2019 | M | 716 | (4) | (4) | Common Stock | 716 | (1) | 11,433 | D | ||||
Performance-based Restricted Stock Units | $ 0 (1) | 03/04/2019 | M | 1,025 | (5) | (5) | Common Stock | 1,025 | (1) | 10,408 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ginnetti Daniel 28161 N. KEITH DRIVE LAKE FOREST, IL 60045 |
Chief Financial Officer |
/s/ Daniel V. Ginnetti | 03/06/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The 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. |
(2) | No shares were sold. 210 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs. |
(3) | No shares were sold. 301 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs. |
(4) | This 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. |
(5) | This 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. |