SEC Form 4 · accession 0001209191-18-012108
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, 2018
Accepted (ET)
Feb 21, 2018 · 7:04 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, 2018 | M | 2,865 | $0.00 | A | 6,444 | D | |
| Common StockF2 | Feb 18, 2018 | F | 1,248 | $65.14 | D | 5,196 | 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, 2018 | M | 2,865 | D | — | — | Common Stock | 2,865 | 5,731 | D |
| Restricted Stock UnitsF4 | — | Feb 18, 2018 | A | 7,676 | A | — | — | Common Stock | 7,676 | 7,676 | 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. 2,865 RSUs, that included accrued dividend equivalents, vested on 02/18/2018 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 shares under a Restricted Stock Unit award on Sunday, 02/18/2018. The fair market value of the exchanged shares was $65.14 (the closing price of Republic Services, Inc.'s common stock on Friday, 02/16/2018).
- 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 Sunday, 02/18/2018) 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, 02/16/2018 ($65.14).