4//SEC Filing
Westerman Melissa 4
Accession 0000947871-20-000839
CIK 0001585790other
Filed
Oct 29, 8:00 PM ET
Accepted
Oct 30, 4:40 PM ET
Size
10.6 KB
Accession
0000947871-20-000839
Insider Transaction Report
Form 4
Westerman Melissa
Chief Accounting Officer
Transactions
- Award
Common Stock
2020-10-30+2,690→ 5,620 total - Disposition to Issuer
Common Stock
2020-10-30$30.30/sh−5,620$170,286→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2020-10-30−6,916→ 0 totalExercise: $26.69Exp: 2029-02-25→ Common Stock (6,916 underlying)
Footnotes (3)
- [F1]Shares of Common Stock subject to performance share unit award that was granted in 2019 and was 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.
Documents
Issuer
Advanced Disposal Services, Inc.
CIK 0001585790
Entity typeother
Related Parties
1- filerCIK 0001745103
Filing Metadata
- Form type
- 4
- Filed
- Oct 29, 8:00 PM ET
- Accepted
- Oct 30, 4:40 PM ET
- Size
- 10.6 KB