WASTE MANAGEMENT INC — Director's Dealing 2014

Aug 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASTE MANAGEMENT INC (WM)
CIK: 0000823768
Period of Report: 2014-08-01

Reporting Person: Carpenter Don P (VP & Chief Acctg Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-01	Common Stock	M	13840.0000	$37.1850	Acquired	36528.9270	Direct
2014-08-01	Common Stock	M	2851.0000	$36.8850	Acquired	39379.9270	Direct
2014-08-01	Common Stock	M	2185.0000	$34.9350	Acquired	41564.9270	Direct
2014-08-01	Common Stock	S	17000.0000	$44.6204	Disposed	24564.9270	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-01	Stock Option (Right to Buy)	$36.8850	M	2851.0000	Disposed	2023-03-08	Common Stock (2851.0000)	Direct
2014-08-01	Stock Option (Right to Buy)	$37.1850	M	13840.0000	Disposed	2021-03-09	Common Stock (13840.0000)	Direct
2014-08-01	Stock Option (Right to Buy)	$34.9350	M	2185.0000	Disposed	2022-03-09	Common Stock (2185.0000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $44.48 - $44.75. 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.