SEC Form 4 · accession 0001209191-16-138421
REPUBLIC SERVICES, INC. · RSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles F Serianni
Officer — EVP Chief Financial Officer
Period of report
Aug 22, 2016
Accepted (ET)
Aug 23, 2016 · 9:34 pm EDT
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 Stock | Aug 22, 2016 | M | 1,341 | $0.00 | A | 26,630 | D | |
| Common StockF1 | Aug 22, 2016 | F | 587 | $51.29 | D | 26,043 | 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 UnitsF2,F3 | — | Aug 22, 2016 | M | 1,341 | D | — | — | Common Stock | 1,341 | 2,684 | D |
Explanation of responses
- F1Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of 1,341 shares under a Restricted Stock Unit award. The fair market value of the exchanged shares was $51.29 (the closing stock price of Republic Services, Inc.'s common stock on 08/22/2016).
- F2Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.
- F3The Restricted Stock Units ("RSUs") granted on 08/22/2014 vest 25% on each of the first four anniversaries of the date of grant. 1,341 RSUs, that included accrued dividend equivalents, vested on 08/22/2016 and were paid out in the form of Republic Services, Inc. common stock.