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"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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| FORM 4 |
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
| ( 1 )This represents an award of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common shares. Subject to the reporting person's continued service with the issuer, the award shall vest in 2 equal annual installments, commencing on the date of the grant.|
( 2 )Represents shares withheld by the Company from an award of restricted share units in satisfaction of the applicable withholding taxes due as a result of the vesting of those restricted share units through an automatic share withholding procedure. Pursuant to this procedure, the Company withholds as the units vest a portion of the vested shares issuable under the award with a fair market value (measured as of the vesting date) equal to the amount of such withholding taxes.
( 3 )For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars based on the Bank of Canada daily noon exchange rate for February 24, 2017, Cdn.$1.00 = US$0.7631
( 4 )One Deferred Stock Unit ("DSU") is the economic equivalent of one common share of Waste Connections, Inc. ("WCN"), granted pursuant to Waste Connections, Inc. 2016 Incentive Award Plan. DSU units will be settled in cash upon distribution to the reporting person upon such person's retirement and generally do not expire.
|* 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).|