Slattery Michael K 4
4 · Advanced Disposal Services, Inc. · Filed Oct 30, 2020
Insider Transaction Report
Form 4
Slattery Michael K
Senior VP, Gen. Counsel, Secy
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2020-10-30−22,826→ 0 totalExercise: $22.16Exp: 2028-02-26→ Common Stock (22,826 underlying) - Disposition to Issuer
Common Stock
2020-10-30$30.30/sh−80,806$2,448,422→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2020-10-30−20,747→ 0 totalExercise: $26.69Exp: 2029-02-25→ Common Stock (20,747 underlying) - Award
Common Stock
2020-10-30+13,512→ 80,806 total - Disposition to Issuer
Employee Stock Option (right to buy)
2020-10-30−5,184→ 0 totalExercise: $18.80Exp: 2025-03-04→ Common Stock (5,184 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2020-10-30−37,013→ 0 totalExercise: $18.80Exp: 2025-03-04→ Common Stock (37,013 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2020-10-30−12,163→ 0 totalExercise: $24.28Exp: 2026-06-24→ Common Stock (12,163 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2020-10-30−24,326→ 0 totalExercise: $22.00Exp: 2027-02-27→ Common Stock (24,326 underlying)
Footnotes (3)
- [F1]Shares of Common Stock subject to performance share unit awards that were granted in each of 2018 and 2019 and were accelerated and deemed earned at target for each performance period pursuant to the Agreement and Plan of Merger, entered into on April 14, 2019, by and among the Issuer, Waste Management, Inc. and Everglades Merger Sub Inc. (filed as Exhibit 2.1 to the Form 8-K filed with the Securities and Exchange Commission on April 15, 2019), as amended by that certain Amendment No. 1, dated as of June 24, 2020 (filed as Exhibit 2.1 to the Form 8-K filed with the Securities and Exchange Commission on June 24, 2020) (as amended by Amendment No. 1, the "Merger Agreement").
- [F2]Pursuant to the Merger Agreement, at the effective time of the merger: each outstanding share of Common Stock was cancelled and thereafter entitled the Reporting Person to receive a cash payment equal to the product of (a) the number of shares of Common Stock held by the Reporting Person at such time and (b) $30.30.
- [F3]Pursuant to the Merger Agreement, at the effective time of the merger: (a) each unvested restricted share unit award and performance share unit award vested in full and was cancelled and thereafter entitled the Reporting Person to receive a cash payment, net of taxes, equal to the product of (i) the number of shares of Common Stock subject to such restricted share unit award or performance share unit award and (ii) $30.30; and (b) each outstanding stock option with an exercise price per share that is less than $30.30, whether or not vested, became fully vested and was cancelled and thereafter entitled the Reporting Person to receive a cash payment, net of taxes, equal to the product of (i) the excess of $30.30 over the per-share exercise price of such stock option and (ii) the number of shares of Common Stock issuable upon exercise of such stock option.