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WASTE MANAGEMENT INC Director's Dealing 2010

Aug 19, 2010

29888_dirs_2010-08-19_af507eb2-30b6-421d-ad69-374f0aeca5cd.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASTE MANAGEMENT INC (WM)
CIK: 0000823768
Period of Report: 2010-08-17

Reporting Person: Woods Duane C (Senior Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-08-17 Common Stock M 15000 $27.88 Acquired 80740.0681 Direct
2010-08-17 Common Stock M 10000 $26.77 Acquired 90740.0681 Direct
2010-08-17 Common Stock M 10000 $24.01 Acquired 100740.0681 Direct
2010-08-17 Common Stock F 29833 $33.42 Disposed 70907.0681 Direct
2010-08-18 Common Stock S 100 $33.8807 Disposed 70807.0681 Direct
2010-08-18 Common Stock S 300 $33.88 Disposed 70507.0681 Direct
2010-08-18 Common Stock S 322 $33.8805 Disposed 70185.0681 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-08-17 Stock Option (Right to Buy) $24.01 M 10000 Disposed 2011-03-01 Common Stock (10000) Direct
2010-08-17 Stock Option (Right to Buy) $27.88 M 15000 Disposed 2012-03-07 Common Stock (15000) Direct
2010-08-17 Stock Option (Right to Buy) $26.77 M 10000 Disposed 2012-05-16 Common Stock (10000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 125 Indirect
Common Stock 185 Indirect

Footnotes

F1: Sale of additional shares to cover personal federal income tax obligation.

F2: Stock option granted pursuant to Waste Management, Inc. 2000 Stock Incentive Plan. The stock option originally vested in 25% annual increments commencing on the first anniversary of the date of the grant. The Compensation Committee of the Board of Directors accelerated the vesting of the Company's outstanding options effective December 28, 2005.

F3: Stock option granted pursuant to Waste Management, Inc. 1993 Stock Incentive Plan. The stock option originally vested in 25% annual increments commencing on the first anniversary of the date of grant. The Compensation committee of the Board of Directors accelerated the vesting of the Company's outstanding options effective December 28, 2005.