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WASTE MANAGEMENT INC Director's Dealing 2013

May 20, 2013

29888_dirs_2013-05-20_1517eebc-d0c1-4175-894c-c73fbf2679d4.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: 2013-05-16

Reporting Person: Bhasin Puneet (Senior Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-05-16 Common Stock M 23415.0000 $33.4900 Acquired 44821.6090 Direct
2013-05-16 Common Stock M 6526.0000 $34.3600 Acquired 51347.6090 Direct
2013-05-16 Common Stock S 26250.0000 $42.0015 Disposed 25097.6090 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-05-16 Stock Option (Right to Buy) $33.4900 M 23415.0000 Disposed 2020-03-09 Common Stock (23415.0000) Direct
2013-05-16 Stock Option (Right to Buy) $34.3600 M 6526.0000 Disposed 2020-05-04 Common Stock (6526.0000) Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $41.96 to $42.10. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: Stock option granted pursuant to Waste Management, Inc. 2009 Stock Incentive Plan. The stock option vests 25% on the first and second anniversary of the date of grant with the remaining 50% on the third anniversary of the date of grant.