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
Handley, Richard L.
200 East Las Olas Blvd., Ste. 1400
Fort Lauderdale, FL 33301
USA
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)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Sr. Vice Pres., Secty & Gen. Csl.
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock | | | | | | |-0- | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock Option |11.5625*|10/2/|J |V|76,892* |A |(1) |10/2/|Common Stock|76,892 | |153,784 |D | |
| |95 | | | | | |2005 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock Option |16.125 |4/26/|J |V|80,000 |A |(2) |4/26/|Common Stock|80,000 | |80,000 |D | |
| |96 | | | | | |2006 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
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 options previously granted at an exercise
price adjusted to reflect the stock split.
(1) Options granted under the 1991 Employee Stock Option Plan which vest at
the rate of 25% on each anniversary
thereafter, commencing 10/2/96, until fully
vested.
(2) The options have been granted pursuant to the Amended and Restated 1995
Employee Stoick Option Plan and
have a term of ten years, expiring on 4/26/2006. The options are exercisable to
the extent of 25% on each
anniversary thereafter, commencing 4/26/97, until fully
vested.
SIGNATURE OF REPORTING PERSON
Richard L. Handley
DATE
July 3, 1996
