SEC Form 4 · accession 0001209191-17-012976
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 18, 2017
Accepted (ET)
Feb 21, 2017 · 8:00 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 18, 2017 | M | 2,807 | $0.00 | A | 7,625 | D | |
| Common StockF2 | Feb 18, 2017 | F | 1,296 | $60.75 | D | 6,329 | 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 18, 2017 | M | 2,807 | D | — | — | Common Stock | 2,807 | 8,421 | D |
| Restricted Stock UnitsF4 | — | Feb 18, 2017 | A | 8,231 | A | — | — | Common Stock | 8,231 | 8,231 | D |
| Restricted Stock UnitsF5 | — | Feb 18, 2017 | A | 4,116 | A | — | — | Common Stock | 4,116 | 4,116 | D |
Explanation of responses
- F1The Restricted Stock Units ("RSUs") granted on 02/18/2016 vest 25% on each of the first four anniversaries of the date of grant. 2,807 RSUs, that included accrued dividend equivalents, vested on 02/18/2017 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 2,807 shares under a Restricted Stock Unit award on Saturday, 02/18/2017. The fair market value of the exchanged shares was $60.75 (the closing price of Republic Services, Inc.'s common stock on Friday, 02/17/2017).
- F3Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.
- F4Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc.'s 2007 Stock Incentive Plan, as amended. The award will vest 25% on each of the first four anniversaries of the date of grant (which date of grant is Saturday, 02/18/2017) and each RSU ultimately will be paid out in the form of one share of Republic Services, Inc.'s common stock. The number of RSUs was calculated based on the closing stock price of Republic Services, Inc.'s common stock on Friday, 02/17/2017 ($60.75). Reporting Person elected to defer this grant in accordance with the Republic Services, Inc. Deferred Compensation Plan, as amended.
- F5Special Grant of Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc.'s 2007 Stock Incentive Plan, as amended. The award will be subject to a cliff vesting period in which 100% of the RSUs will vest on the fourth anniversary of the Date of Grant (Saturday, 02/18/2017). The special grant will not be subject to acceleration of vesting on account of retirement prior to the vesting date. Each RSU ultimately will be paid out in the form of one share of Republic Services, Inc.'s common stock. The number of RSUs was calculated based on the closing stock price of Republic Services, Inc.'s common stock on Friday, 02/17/2017 ($60.75). Reporting Person elected to defer this grant in accordance with the Republic Services, Inc. Deferred Compensation Plan, as amended.