U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
DeGroote, Michael G.
Victoria Hall, 11 Victoria Street
Hamilton, Bermuda HMEX
2. Issuer Name and Ticker or Trading Symbol
Republic Industries, Inc.
RWIN
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
June 1996
5. If Amendment, Date of Original (Month/Year)
July 3, 1996
6. Relationship of Reporting Person to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice Chairman and Director
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |* |J |V|11,450,000* |A | |22,900,000 |I |(1) |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock Managemen|4.50* |3/11/|J |V|800,000* |A |immed|6/30/|Common Stock|800,000| |1,600,000 |I |(2) |
t Warrant (Right to Bu| |96 | | | | |. |2006 | | | | | | |
y) | | | | | | | | | | | | | | |
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Common Stock Warrant (|2.25* |8/3/9|J |V|1,350,000* |A |immed|8/31/|Common Stock|1,350,0| |2,700,000 |I |(3) |
Right to Buy) | |5 | | | | |. |97 | |00 | | | | |
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Common Stock Warrant (|2.75* |8/3/9|J |V|675,000* |A |immed|8/31/|Common Stock|675,000| |1,350,000 |I |(3) |
Right to Buy) | |5 | | | | |. |98 | | | | | | |
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Common Stock Warrant (|3.50* |8/3/9|J |V|675,000* |A |immed|8/31/|Common Stock|675,000| |1,350,000 |I |(3) |
Right to Buy) | |5 | | | | |. |99 | | | | | | |
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Common Stock Option |12.375* |11/28|J |V|50,000* |A |immed|08/03|Common Stock|50,000 | |100,000 |D | |
| |/95 | | | | |. |/05 | | | | | | |
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Common Stock Option |18.0625*|01/02|J |V|10,000* |A |immed|01/02|Common Stock|10,000 | |20,000 |D | |
| |/96 | | | | |. |/06 | | | | | | |
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Explanation of Responses:
* On May 28, 1996, the common stock of Republic Industries, Inc. split
2-for-1, resulting in the reporting person's
acquisition of twice the number of securities owned and twice the number of
options and warrants previously
granted at an exercise price adjusted to reflect the stock
split.
(1) The common stock beneficially owned by the reporting person consists of
20,200,000 shares beneficially
owned by MGD Holdings, Ltd. and 2,700,000 shares beneficially owned by Westbury
(Bermuda) Ltd., each a
Bermuda corporation, of which the reporting person is the sole shareholder,
officer and director.
(2) The management warrants beneficially owned by the reporting person are
beneficially owned by MGD Holdings
Ltd. which the reporting person is the sole shareholder, officer and
director.
(3) The warrants beneficially owned by the reporting person are beneficially
owned by Westbury (Bermuda) Ltd.
which the reporting person is the sole shareholder, officer and director.
SIGNATURE OF REPORTING PERSON
/s/ Michael G. DeGroote
DATE
July 18, 1996
