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WASTE MANAGEMENT INC Director's Dealing 2010

Sep 23, 2010

29888_dirs_2010-09-23_a88005b8-c533-4c78-96f4-0b986eb29e97.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: 2010-09-22

Reporting Person: STEINER DAVID P (Director, President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-09-22 Common Stock M 70000.0000 $30.3000 Acquired 428638.0424 Direct
2010-09-22 Common Stock M 50000.0000 $23.7500 Acquired 478638.0424 Direct
2010-09-22 Common Stock M 30000.0000 $24.0100 Acquired 508638.0424 Direct
2010-09-22 Common Stock F 126896.0000 $35.4500 Disposed 381742.0424 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-09-22 Stock Option (Right to Buy) $30.3000 M 70000.0000 Disposed 2011-07-12 Common Stock (70000.0000) Direct
2010-09-22 Stock Option (Right to Buy) $24.0100 M 30000.0000 Disposed 2011-03-01 Common Stock (30000.0000) Direct
2010-09-22 Stock Option (Right to Buy) $23.7500 M 50000.0000 Disposed 2010-11-13 Common Stock (50000.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3476.2319 Indirect

Footnotes

F1: 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.

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.