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REPUBLIC SERVICES, INC. — Director's Dealing 2017
Feb 21, 2017
29934_dirs_2017-02-21_7019bd43-7319-427a-b05e-e4a2fd141954.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: REPUBLIC SERVICES, INC. (RSG)
CIK: 0001060391
Period of Report: 2017-02-18
Reporting Person: Ellingsen Catharine D (EVP/Chief Legal Officer/Sec)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-18 | Common Stock | M | 477 | $0.00 | Acquired | 2112 | Direct |
| 2017-02-18 | Common Stock | F | 148 | $60.75 | Disposed | 1964 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-18 | Restricted Stock Units | $ | M | 477 | Disposed | Common Stock (477) | Direct | |
| 2017-02-18 | Restricted Stock Units | $ | A | 5762 | Acquired | Common Stock (5762) | Direct |
Footnotes
F1: The Restricted Stock Units ("RSUs") granted on 02/18/2016 vest 25% on each of the first four anniversaries of the date of grant. 477 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.
F2: Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of 477 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).
F3: Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.
F4: Restricted 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 a portion this grant in accordance with the Republic Services, Inc. Deferred Compensation Plan, as amended.