CBIZ, Inc. — Director's Dealing 2013

Sep 21, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CBIZ, Inc. (CBZ)
CIK: 0000944148
Period of Report: 2013-08-30

Reporting Person: Westbury Trust (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-30	Common Stock	X	3858334	$6.65	Disposed	3858335	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-30	Call Option (obligation to sell)	$6.65	X	3858334	Disposed	2013-09-30	Common Stock (3858335)	Indirect

Footnotes

F1: These securities are owned directly by Westbury (Bermuda) Ltd. ("Westbury"), which is 100% owned by Westbury Trust. Westbury Trust is an indirect beneficial owner of the reported securities.

F2: On August 30, 2013 the Issuer purchased 3,858,334 shares of its common stock from Westbury pursuant to a Stock Purchase Agreement dated as of July 26, 2013 by and among the Issuer, Westbury, Westbury Trust and Michael DeGroote (the "Additional Agreement"), after the satisfaction of certain conditions set forth in the Additional Agreement. The shares purchased pursuant to the Additional Agreement were subject to an option ("Option") to purchase 7,716,669 shares that the Issuer acquired September 14, 2010 pursuant to a Stock and Option Purchase Agreement entered into by and among the Issuer, Westbury, Westbury Trust and Michael DeGroote (the "Initial Agreement"). The Option remains exercisable as to 3,858,335 shares until the expiration of the Option on September 30, 2013 in accordance with the Initial Agreement.