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 FORM 3                                                WASHINGTON, D.C. 20549                                   OMB APPROVAL        
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                                       INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES          OMB NUMBER:       3235-0104 
                                                                                                        EXPIRES:     APRIL 30, 1997
                              Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,   ESTIMATED AVERAGE BURDEN    
                                 Section 17(a) of the Public Utility Holding Company Act of 1935 or     HOURS PER RESPONSE .... 0.5 
                                         Section 30(f) of the Investment Company Act of 1940           -----------------------------
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1. Name and Address of Reporting Person           2. Date of Event Re-   4. Issuer Name and Ticker or Trading Symbol
                                                     quiring Statement
Shea             Richard               O.             (Month/Day/Year)      Stericycle, Inc.     (SRCL)
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    (Last)          (First)          (Middle)            8/22/96         5. Relationship of Reporting Person   6. If Amendment, Date
                                                 -----------------------    to Issuer (Check all applicable)      of Original
14925 59th Place N.E.                             3. IRS or Social Se-        Director          10% Owner         (Month/Day/Year)
- -------------------------------------------------    curity Number of     ----              ----
                    (Street)                         Reporting Person      X  Officer (give     Other
                                                     (Voluntary)          ----title below)  ----(specify below)
                                                                                Vice President, Western Region
                                                                              ---------------------------------
Arrowhead Point Bothell, WA           98011            ###-##-####
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    (City)          (State)            (Zip)                                TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED

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1. Title of Security                              2. Amount of Securities       3. Ownership        4. Nature of Indirect Beneficial
   (Instr. 4)                                        Beneficially Owned            Form: Direct        Ownership (Instr. 5)
                                                     (Instr. 4)                    (D) or Indirect
                                                                                   (I)  (Instr. 5)
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Common Stock                                         11,771                         D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   (Over)
                                                       (Print or Type Responses)                                     SEC 1473 (8-92)

FORM 3 (CONTINUED)   TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
                                SECURITIES)
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1. Title of Derivative Security    2. Date Exer-  3. Title and Amount of Securities   4. Conver-   5. Owner-   6. Nature of Indirect
   (Instr. 4)                         cisable and    Underlying Derivative Security      sion or      ship        Beneficial
                                      Expiration     (Instr. 4)                          Exercise     Form of     Ownership
                                      Date                                               Price of     Deriv-      (Instr. 5)
                                     (Month/Day/                                         Deri-        ative
                                      Year)                                              vative       Security:
                                   --------------------------------------------------    Security     Direct
                                                                             Amount                   (D) or
                                    Date     Expir-                          or                       Indirect
                                    Exer-    ation           Title           Number                   (I)
                                    cisable  Date                            of
                                                                             Shares                 (Instr. 5)
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Employee Stock Options               (1)   11/1/05      Common Stock        46,353      $.53           D
  (right to buy)
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Employee Stock Options               (2)    1/29/06     Common Stock         2,888      $.53           D
  (right to buy)
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Employee Stock Options               (3)    4/30/06     Common Stock        19,213     $1.99           D
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Explanation of Responses:

(1) 21,718 of these options were immediately exercisable; 1,392.21 of these options become exercisable on the first day of each 
month beginning on December 1, 1995 and ending on November 1, 1996; 445.22 of these options become exercisable on the first day 
of each month beginning with December 1, 1995 and ending on November 1, 1997; and 11.25 of these options become exercisable on 
the first day of each month beginning on December 1, 1995 and ending on November 1, 1998.

(2) 240.67 of these options become exercisable on the first day of each month beginning on February 1, 1996 and ending on 
January 1, 1997.

(3) 1/4 of these options become exercisable on April 30, 1997 and the 
remaining balance become exercisable at the rate of 1/48 of 
the total option shares per month beginning on May 30, 1997 and ending on April 30, 2000.

                                                                          s/ Richard O. Shea                        8/22/96
                                                                       -------------------------------------  ----------------------
**Intentional misstatements or omissions of facts constitute Federal      **Signature of Reporting Person             Date
  Criminal Violations.  SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient,
      SEE Instruction 6 for procedure.
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                                                                                                                     SEC 1473 (8-92)