SEC Form 4 · accession 0001209191-15-011655
REPUBLIC SERVICES, INC. · RSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A Hughes
Officer — EVP- Human Resources
Period of report
Feb 7, 2015
Accepted (ET)
Feb 10, 2015 · 7:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001060391
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 7, 2015 | M | 2,265 | $0.00 | A | 3,636 | D | |
| Common StockF2 | Feb 7, 2015 | F | 853 | $40.63 | D | 2,783 | D | |
| Common StockF3 | Feb 8, 2015 | M | 2,045 | $0.00 | A | 4,828 | D | |
| Common StockF4 | Feb 8, 2015 | F | 681 | $40.63 | D | 4,147 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF5,F1 | — | Feb 7, 2015 | M | 2,265 | D | — | — | Common Stock | 2,265 | 6,796 | D |
| Common StockF5,F3 | — | Feb 8, 2015 | M | 2,045 | D | — | — | Sommon Stock | 2,045 | 4,090 | D |
Explanation of responses
- F1The Restricted Stock Units ("RSUs") granted on 02/07/2014 vest 25% on each of the first four anniversaries of the date of grant. 2,265 RSUs, that included accrued dividend equivalents, vested on 02/07/2015 (Saturday) and were paid out in the form of Republic Services, Inc.'s common stock.
- F2Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of 2,265 shares under Restricted Stock Unit awards. The fair market value of the exchanged shares was $40.63 (the closing price of Republic Services, Inc.'s common stock on 02/06/2015).
- F3The Restricted Stock Units ("RSUs") granted on 02/08/2013 vest 25% on each of the first four anniversaries of the date of grant. 2,045 RSUs, that included accrued dividend equivalents, vested on 02/08/2015 (Sunday) and were paid out in the form of Republic Services, Inc.'s common stock.
- F4Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of 2,045 shares under Restricted Stock Unit awards. The fair market value of the exchanged shares was $40.63 (the closing price of Republic Services, Inc.'s common stock on 02/06/2015).
- F5Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.