SEC Form 4 · accession 0001209191-16-134719
REPUBLIC SERVICES, INC. · RSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Catharine D Ellingsen
Officer — EVP/Chief Legal Officer/Sec
Period of report
Jul 29, 2016
Accepted (ET)
Aug 1, 2016 · 9:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001060391
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Jul 29, 2016 | A | 1,951 | A | — | — | Common Stock | 1,951 | 1,951 | D |
Explanation of responses
- F1On 07.29.2016 ("Date of Grant"), Ms. Ellingsen was awarded a prorated grant of 1,951 Restricted Stock Units ("RSUs") in connection with her promotion to Executive Vice President, Chief Legal Officer and Corporate Secretary of Republic Services, Inc. (the "Company"). The RSUs were granted pursuant to the Company's 2007 Stock Incentive Plan, as amended, and will vest 25% on each of the first four anniversaries of the Date of Grant and each RSU ultimately will be paid out in the form of one share of the Company's common stock. The number of RSUs was calculated based on a valuation of $100,000 divided by the closing stock price of the Company's common stock on the Date of Grant ($51.26). After any quarter in which dividends are distributed to shareholders, additional RSU equivalents will be received.