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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2016
SUBSEQUENT EVENTS

17.    SUBSEQUENT EVENTS

During February 2017, CoreCivic issued approximately 0.5 million RSUs to certain of CoreCivic’s employees and non-employee directors, with an aggregate value of $17.7 million. Unless earlier vested under the terms of the RSU agreement, approximately 0.3 million RSUs were issued to officers and executive officers and are subject to vesting over a three-year period based upon satisfaction of certain annual performance criteria for the fiscal years ending December 31, 2017, 2018, and 2019. Approximately 0.2 million RSUs issued to other employees vest evenly on the first, second, and third anniversary of the award. Shares of RSUs issued to non-employee directors vest on the first anniversary of the award. Any RSUs that become vested will be settled in shares of CoreCivic’s common stock.

On February 17, 2017, the Company’s Board of Directors declared a quarterly dividend of $0.42 per common share payable April 17, 2017 to stockholders of record on April 3, 2017.