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WASTE MANAGEMENT INC Director's Dealing 2010

May 14, 2010

29888_dirs_2010-05-14_db4ae5d4-a1fd-4359-85cb-207814cf0bcf.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: 2010-05-13

Reporting Person: RUSH CARL V JR (VP - Organic Growth)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-05-13 Phantom Stock Units $ A 18.3294 Acquired 1988-08-08 Common Stock (18.3294) Direct

Footnotes

F1: Phantom stock units accrued under the Waste Management, Inc. 409A Deferral Savings Plan, a supplemental retirement savings plan. A phantom stock unit is equivalent to one share of Common Stock.

F2: These securities generally do not carry a conversion exercise price.

F3: Participant's Company stock fund account on any given date may not exactly equal the number of share equivalents represented by a prior balance plus additions due to variables affecting the determination of Company stock fund unit values under the Plan on any such date.