Naren K. Gursahaney - 04 Nov 2024 Form 4 Insider Report for STERICYCLE INC

Role
Director
Signature
/s/ Stuart Funderburg, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
04 Nov 2024
Net transactions value
-$908,486
Form type
4
Filing time
04 Nov 2024, 17:00:03 UTC
Previous filing
23 May 2024
Next filing
18 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRCL Common Stock Disposed to Issuer $372,000 -6,000 -100% $62.00 0 04 Nov 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SRCL Restricted Stock Units Disposed to Issuer $536,486 -8,653 -100% $62.00 0 04 Nov 2024 Common Stock 8,653 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Naren K. Gursahaney is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of June 3, 2024 (the "Merger Agreement"), by and among Stericycle, Inc. (the "Company"), Waste Management, Inc. and Stag Merger Sub Inc., at the effective time (the "Effective Time") of the merger of Stag Merger Sub Inc. with and into the Company, which Effective Time occurred on November 4, 2024, each outstanding share of Company common stock was converted into the right to receive $62.00 per share in cash, without interest.
F2 Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock.
F3 Represents 5,129 RSUs that were fully vested prior to the Effective Time and 3,524 RSUs that were unvested at the Effective Time, but, in accordance with the Stericycle, Inc. Directors Deferred Stock Plan, the reporting person previously elected to defer actual receipt of the shares to which such person would otherwise have been entitled upon vesting until such person's separation of service from the issuer. Pursuant to the Merger Agreement, at the Effective Time, these RSUs were canceled and converted into the right to receive (without interest) an amount in cash equal to the number of RSUs multiplied by $62.00.