SEC Form 4 · accession 0001209191-19-010797
REPUBLIC SERVICES, INC. · RSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Vander Ark
Officer — EVP-Chief Operating Officer
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 7:41 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 13, 2019 | M | 1,810 | $0.00 | A | 16,304 | D | |
| Common StockF2 | Feb 13, 2019 | F | 832 | $77.22 | D | 15,472 | 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 UnitsF1,F3 | — | Feb 13, 2019 | M | 1,810 | D | — | — | Common Stock | 1,810 | 7,234 | D |
Explanation of responses
- F1Represents Restricted Stock Units ("RSUs") granted on 02/13/2015 that vest 25% on each of the first four anniversaries of the date of grant and includes accrued dividend equivalents. At the time of vesting (02/13/2019), 50% of the RSUs (1,810 RSUs) were paid out in the form of Republic Services, Inc.'s common stock and 50% (1,810 RSUs) remain in the Deferred Compensation Plan ("DCP"). A total of 7,234 RSUs from this 2015 grant are held in the DCP and will continue to accrue quarterly dividend equivalents.
- F2Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares under Restricted Stock Unit awards. The fair market value of the exchanged shares was $77.22 (the closing price of Republic Services, Inc.'s common stock on 02/13/2019).
- F3Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.