WASTE MANAGEMENT INC — Director's Dealing 2016

May 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASTE MANAGEMENT INC (WM)
CIK: 0000823768
Period of Report: 2016-05-13

Reporting Person: CALDWELL BARRY H (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-13	Common Stock	M	9922.0000	$36.8850	Acquired	43821.7859	Direct
2016-05-13	Common Stock	M	9462.0000	$41.3700	Acquired	53283.7859	Direct
2016-05-13	Common Stock	S	15234.0000	$62.0000	Disposed	38049.7859	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-13	Stock Option (Right to Buy)	$41.3700	M	9462.0000	Disposed	2024-03-07	Common Stock (9462.0000)	Direct
2016-05-13	Stock Option (Right to Buy)	$36.8850	M	9922.0000	Disposed	2023-03-08	Common Stock (9922.0000)	Direct

Footnotes

F1: 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.