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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.)
Hi Rise Recycling Systems Inc.
------------------------------
(Name of Issuer)
Common Stock, $0.01 Par
------------------------------
(Title of Class of Securities)
428396 10 5
--------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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CUSIP No. 428396 10 5 13G Page 2 of 6 Pages
- --------------------- -----------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Northern Trust Corporation 36-2723087
The Northern Trust Company 36-1561860
Northern Trust Bank of Florida, NA 36-2798553
Northern Trust Quantitative Advisors, Inc 36-3608252
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
Not Applicable
- ------------------------------------------------------------------------------
SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Northern Trust Corporation--a Delaware corporation with principal
offices in Chicago, Illinois
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SOLE VOTING POWER
5
NUMBER OF 1,188,894
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
3,900
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 3,900
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,177,294
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,192,794
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
8.60
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TYPE OF REPORTING PERSON
12
Northern Trust Corporation HC
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934
Check the following box if a fee is being paid with statement [_].
1. (a) (Name of Issuer)
----------------
Hi Rise Recycling Systems Inc.
(b) (Address of Issuer's Principal Executive Offices)
-------------------------------------------------
8505 NW 74/th/ Street, Miami, FL, 33166
2. (a) (Name of Person Filing)
-----------------------
Northern Trust Corporation
(b) (Address of Person Filing)
--------------------------
50 South LaSalle Street, Chicago, Illinois 60675
(c) (Citizenship)
-------------
U.S. (Delaware Corporation)
(d) (Title of Class of Securities)
------------------------------
Common Stock, $0.01 Par
(e) (CUSIP Number)
--------------
428396105
3. This statement is being filed by Northern Trust Corporation as a Parent
Holding Company in accordance with S240.13d-1(b)(1)(ii)(G)
4. (a) (Amount Beneficially Owned)
---------------------------
1,192,794
(b) (Percent of class)
------------------
8.60
(c) Number of shares as to which such person has:
(i) (Sole Power to Vote or to Direct the Vote)
------------------------------------------
1,188,894
(ii) (Shared Power to Vote or to Direct the Vote)
--------------------------------------------
3,900
(iii) (Sole Power to Dispose or Direct Disposition)
---------------------------------------------
3,900
(iv) (Shared Power to Dispose or Direct Disposition)
-----------------------------------------------
1,177,294
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5. If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than 5 percent of the class of securities, check the
following: [_]
6. Statement regarding ownership of 5 percent or more on behalf of
another person:
7. Parent Holding Company reporting on behalf of the following
subsidiaries, all of which are banks as defined in Section 3(a) (6)
of the Act:
The Northern Trust Company
50 South LaSalle Street
Chicago, IL 60675
Northern Trust Bank of Florida N.A.
700 Brickell Avenue
Miami, FL 33131
Northern Trust Quantitative Advisors, Inc.
50 South LaSalle Street
Chicago, IL 60675
8. Identification and Classification of Members of the Group.
Not Applicable.
9. Notice of Dissolution of Group:
Not Applicable.
10. By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purpose or
effect.
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After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, completed and correct.
NORTHERN TRUST CORPORATION
___________________________________
By: Perry R. Pero
DATED: 02-08-2000 As its: Vice Chairman
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EXHIBIT TO SCHEDULE 13G
FILED BY NORTHERN TRUST CORPORATION
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549-1004
Attention: Filing Desk, Stop 1-4
RE: Hi Rise Recycling Systems Inc.
------------------------------
Pursuant to the requirement of 240.13d-1(k) (1) (iii), this exhibit shall
constitute our written agreement that the Schedule 13G to which this exhibit is
attached is filed on behalf of Northern Trust Corporation and of its
subsidiary(ies), as stated below, regarding our respective beneficial ownership
in the above-captioned equity security.
NORTHERN TRUST CORPORATION
___________________________________
By: Perry R. Pero
DATED: 02-07-2000 As its: Vice Chairman
THE NORTHERN TRUST COMPANY
___________________________________
By: Perry R. Pero
As its: Vice Chairman
NORTHERN TRUST BANK OF FLORIDA, NA
___________________________________
By: Barry G. Hastings
As its Authorized Representative
NORTHERN TRUST QUANTITATIVE ADVISORS, INC.
___________________________________
By: John Goodwin
As its Managing Director
