WASTE MANAGEMENT INC — Director's Dealing 2014

Aug 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASTE MANAGEMENT INC (WM)
CIK: 0000823768
Period of Report: 2014-08-18

Reporting Person: CALDWELL BARRY H (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-18	Common Stock	M	30336.0000	$33.4900	Acquired	59300.0289	Direct
2014-08-18	Common Stock	G	1848.0000	$0.0000	Disposed	57452.0289	Direct
2014-08-18	Common Stock	S	4468.0000	$46.0066	Disposed	52984.0289	Direct
2014-08-18	Common Stock	S	25581.0000	$46.0418	Disposed	27403.0289	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-18	Stock Option (Right to Buy)	$33.4900	M	30336.0000	Disposed	2020-03-09	Common Stock (30336.0000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $46.00 to $46.04. 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: This transaction was executed in multiple trades at prices ranging from $46.00 to $46.15. 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.

F3: 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.