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EXHIBIT 4.2
PSC
[LOGO] PHILIP SERVICES
--- C O R P. ---
AMALGAMATED UNDER THE LAWS OF THE PROVINCE OF ONTARIO
FUSIONNEE SOUS L'AUTORITE DES LOIS DE LA PROVINCE DE L'ONTARIO
NUMBER NUMERO CUSIP 71819M 10 3 SHARES ACTIONS
PC 04184
This certifies that
La presente atteste que
SPECIMEN
is the registered holder of
est le porteur inscrit de
FULLY PAID AND NON-ASSESSABLE COMMON ACTIONS ORDINAIRES ENTIEREMENT LIBEREES ET
SHARES IN THE CAPITAL OF NON COTISABLES DE
PHILIP SERVICES CORP.
transferable in a securities register transferables uniquement dans un registre de
of the Corporation upon the surrender valeurs mobilieres de la Societe sur remise du
of this Certificate properly endorsed. present certificat dument endosse. Le present
COMMON This Certificate is not valid until certificat n'est valide que s'il est ORDINAIRES
countersigned and registered by a contresigne et immatricule par un agent des
Transfer Agent and Registrar of the transferts et agent charge de la tenue des
Corporation. registres de la Societe.
IN WITNESS WHEREOF the Corporation EN FOI DE QUOI la Societe a fait signer
has caused this Certificate to be signed le present certificat par ses representants
by its duly authorized officers. dument autorises.
Dated/Date
COUNTERSIGNED AND REGISTERED -- CONTRESIGNE ET IMMATRICULE
MONTREAL TRUST COMPANY OF CANADA TORONTO, MONTREAL,
COMPAGNIE MONTREAL TRUST DU CANADA CALGARY, VANCOUVER
TRANSFER AGENT AND REGISTRAR
AGENT DES TRANSFERTS ET AGENT CHARGE DE LA TENUE /s/ ALLEN FRACASSI
DES REGISTRES
OR/OU PRESIDENT AND CHIEF EXECUTIVE OFFICER
THE BANK OF NEW YORK NEW YORK PRESIDENT ET CHEF DE LA DIRECTION
CO-TRANSFER AGENT AND CO-REGISTRAR
CO-AGENT DES TRANSFERTS ET CO-AGENT
CHARGE DE LA TENUE DES REGISTRES
/s/ COLIN SOULE
BY -- PAR ____________________________________ SECRETARY
AUTHORIZED SIGNATURE SECRETAIRE
SIGNATAIRE AUTORISE
THIS CERTIFICATE IS TRANSFERABLE AT THE LE PRESENT CERTIFICAT EST TRANSFERABLE AUX
PRINCIPAL OFFICES OF MONTREAL TRUST PRINCIPAUX BUREAUX DE COMPAGNIE MONTREAL
COMPANY OF CANADA IN TORONTO, CALGARY, TRUST DU CANADA A TORONTO, CALGARY,
MONTREAL AND VANCOUVER AND AT THE OFFICES MONTREAL ET VANCOUVER ET AUX BUREAUX DE
OF THE BANK OF NEW YORK, IN NEW YORK CITY. THE BANK OF NEW YORK, A VILLE DE NEW YORK.
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The class of shares represented by this certificate has La categorie d'actions representee par le present
rights, privileges, restrictions or conditions attaching certificat comporte des droits, privileges, restrictions
thereto and the Corporation will furnish to the shareholder, ou conditions et la Societe transmettra gratuitement
on demand and without charge, a full copy of the text of: aux actionnaires qui en font la demande le texte integral:
(i) the rights, privileges, restrictions and conditions (i) des droits, privileges, restrictions et conditions
attached to such shares and to each class authorized rattaches a ces actions, a chaque categorie dont
to be issued and to each series in so far as the same l'emission est autorisee et a chaque serie, dans la
have been fixed by the directors, and mesure ou ils ont ete etablis par les administrateurs,
(ii) the authority of the directors to fix the rights, (ii) du pouvoir des administrateurs d'etablir les droits,
privileges, restrictions and conditions of subsequent privileges, restrictions et conditions de series
series, if applicable. subsequentes, le cas echeant.
FOR VALUE RECEIVED the undersigned hereby sells, assigns POUR UNE CONTREPARTIE VALABLE, le soussigne vend et
and transfers unto transfere par les presentes a
_________________________________________________________________________________________________________________________________
(Name and address of transferee) (Nom et adresse du cessionnaire)
[ ] [ ] [ ] - [ ] [ ] [ ] - [ ] [ ] [ ]
SOCIAL INSURANCE NUMBER - NUMERO D'ASSURANCE SOCIALE
__________________________________________________________________________________________________________________________________
shares
__________________________________________________________________________________________________________________________ actions
registered in the name of the undersigned on the books of immatriculees au nom du soussigne dans les livres de la
the Corporation named on the face of this certificate and Societe nommee au recto du present certificat et representees
represented hereby, and irrevocably constitutes and appoints par les presentes et le soussigne nomme irrevocablement
__________________________________________________________________________________________________________________________________
the attorney of the undersigned to transfer the said shares comme son mandataire pour transferer ces actions dans le
on the register of transfers and books of the Corporation registre des transferts et les livres de la Societe, avec plein
with full power of substitution hereunder. pouvoir de substitution a cet egard.
DATED:
DATE:
__________________________________________________________________________________________________________________________________
(Signature of Shareholder) (Signature de l'actionnaire)
__________________________________________________________________________________________________________________________________
(Signature of Witness) (Signature du temoin)
Until the Separation Time (as defined in the Rights Plan referred to below),
this certificate also evidences and entitles the holder hereof to certain Rights
as set forth in a Shareholder Rights Plan Agreement, dated as of April 11, 1995
and as amended and restated on the 19th day of May, 1995 (the "Rights Plan"),
between Philip Services Corp. (formerly known as Philip Environmental Inc.) (the
"Corporation") and Montreal Trust Company of Canada, as rights agent (the
"Rights Agent"), the terms of which are hereby incorporated herein by reference
and a copy of which is on file at the principal executive office of the
Corporation. Under certain circumstances, as set forth in the Rights Plan, such
Rights may be amended or redeemed, may expire, may become null and void (if, in
certain cases, they are issued to or "Beneficially Owned" by any Person who is,
was or becomes an "Acquiring Person", as such terms are defined in the Rights
Plan, whether currently held by or on behalf of such Person or any subsequent
holder) or may be evidenced by separate certificates and may no longer be
evidenced by this certificate.
The Corporation will mail or arrange for the mailing of a copy of the Rights
Plan to the holder of this certificate without charge upon receipt of a written
request therefor.
NOTICE: The signature to this assignment must correspond with the name as
written upon the face of the certificate in every particular, without
alteration or enlargement or any change whatever.
AVIS: La signature apposee sur le present transfert doit correspondre en tous
points au nom paraissant au recto du certificat, sans modification,
agrandissement ou ajout.