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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (4) | 02/07/2018 | M | 1,437 | (1) | (1) | Common Stock | 1,437 | $ 0 | 0 | D | ||||
Restricted Stock Units | (4) | 02/07/2018 | M | 3,313 | (3) | (3) | Common Stock | 3,313 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Vander Ark Jon 18500 N. ALLIED WAY PHOENIX, AZ 85054 |
EVP-Chief Operating Officer |
Eileen B. Schuler Attorney-in-Fact | 02/09/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents Restricted Stock Units ("RSUs") granted on 02/07/2014 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 (02/07/2018), 50% of the RSUs settle to shares of Republic Services, Inc.'s common stock and 50% remain as RSUs in the Deferred Compensation Plan. On 02/07/2018, 1,437 RSUs were paid out in the form of common stock. |
(2) | Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares under a Restricted Stock Unit award. The fair market value of the exchanged shares was $64.60 (the closing price of Republic Services, Inc.'s common stock on 02/07/2018). |
(3) | Represents Restricted Stock Units ("RSUs") granted on 02/07/2014 with a four year cliff vesting of the date of grant and includes accrued dividend equivalents. At the time of vesting (02/07/2018), 50% of the RSUs settle to shares of Republic Services, Inc.'s common stock and 50% remain RSUs in the Deferred Compensation Plan. On 02/07/2018, 3,313 RSUs were paid out in the form of common stock. |
(4) | Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc. |