SEC Form 4 · accession 0001209191-18-048568
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, 2018
Accepted (ET)
Aug 27, 2018 · 7:25 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 StockF1 | Aug 22, 2018 | M | 1,401 | $0.00 | A | 38,044 | D | |
| Common StockF2 | Aug 22, 2018 | F | 611 | $73.26 | D | 37,433 | 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 | — | Aug 22, 2018 | M | 1,401 | D | — | — | Common Stock | 1,401 | 0 | D |
Explanation of responses
- F1The Restricted Stock Units ("RSUs") granted on 08/22/2014 automatically vest 25% on each of the first four anniversaries of the date of grant. 1,401 RSUs, that included accrued dividend equivalents, vested on 08/22/2018 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 automatic vesting of 1,401 shares under a Restricted Stock Unit award on 08/22/2018. The fair market value of the exchanged shares was $73.26 (the closing price of Republic Services, Inc.'s common stock on 08/22/2018). Administrative issue caused delay in receipt of payroll calculation after 08/24/2018 (Friday) filing deadline.
- F3Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.