SEC Form 4 · accession 0001209191-16-097111
REPUBLIC SERVICES, INC. · RSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A Hughes
Officer — EVP Chief Administrative Offic
Period of report
Feb 7, 2016
Accepted (ET)
Feb 9, 2016 · 9:13 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, 2016 | M | 2,328 | $0.00 | A | 6,475 | D | |
| Common StockF2 | Feb 7, 2016 | F | 720 | $43.58 | D | 5,755 | D | |
| Common StockF3 | Feb 8, 2016 | M | 2,102 | $0.00 | A | 7,857 | D | |
| Common StockF4 | Feb 8, 2016 | F | 664 | $43.42 | D | 7,193 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F1 | — | Feb 7, 2016 | M | 2,328 | D | — | — | Common Stock | 2,328 | 4,658 | D |
| Restricted Stock UnitsF5,F3 | — | Feb 8, 2016 | M | 2,102 | D | — | — | Common Stock | 2,102 | 2,103 | 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. 2,328 RSUs, that included accrued dividend equivalents, vested on 02/07/2016 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 2,328 shares under a Restricted Stock Unit award. The fair market value of the exchanged shares was $43.58 (the closing price of Republic Services, Inc.'s common stock on 02/05/2016).
- F3The Restricted Stock Units ("RSUs") granted on 02/08/2013 vest 25% on each of the first four anniversaries of the date of grant. 2,102 RSUs, that included accrued dividend equivalents, vested on 02/08/2016 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 2,102 shares under a Restricted Stock Unit award. The fair market value of the exchanged shares was $43.42 (the closing price of Republic Services, Inc.'s common stock on 02/08/2016).
- F5Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.