SEC Form 4 · accession 0001209191-16-098952
REPUBLIC SERVICES, INC. · RSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P Rissman
Officer — EVP/Chief Legal Officer/Secret
Period of report
Feb 13, 2016
Accepted (ET)
Feb 16, 2016 · 6:32 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 13, 2016 | M | 3,201 | $0.00 | A | 40,656 | D | |
| Common StockF2 | Feb 13, 2016 | F | 1,478 | $44.20 | D | 39,178 | 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 UnitsF3,F1 | — | Feb 13, 2016 | M | 3,201 | D | — | — | Common Stock | 3,201 | 9,605 | D |
Explanation of responses
- F1The Restricted Stock Units ("RSUs") granted on 02/13/2015 vest 25% on each of the first four anniversaries of the date of grant. 3,201 RSUs, that included accrued dividend equivalents, vested on 02/13/2016 (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 3,201 shares under a Restricted Stock Unit award. The fair market value of the exchanged shares was $44.20 (the closing price of Republic Services, Inc.'s common stock on 02/12/2016).
- F3Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.