SEC Form 4 · accession 0001246360-15-001362

MCGRATH RENTCORP · MGRC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP, Controller, PAO

Period of report

Mar 2, 2015

Accepted (ET)

Mar 4, 2015 · 9:42 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000752714

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F4	Mar 2, 2015	M	1,200	$0.00	A	7,114	D
Common Stock^F5	Mar 2, 2015	M	602	$0.00	A	7,716	D
Common Stock^F4	Mar 2, 2015	M	800	$0.00	A	11,766	I	Spouse's Holding
Common Stock^F4	Mar 2, 2015	M	3,120	$0.00	A	14,886	I	Spouse's Holding
Common Stock	Mar 2, 2015	F	669	$31.99	D	7,047	D
Common Stock	Mar 2, 2015	F	1,476	$31.99	D	13,410	I	Spouse's Holding

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	$0.00	Mar 2, 2015	A	1,400	A	—	Mar 2, 2022	Common Stock	1,400	1,400	D
Stock Appreciation Right^F3	$31.99	Mar 2, 2015	A	6,700	A	Mar 2, 2016	Mar 2, 2022	Common Stock	6,700	6,700	D
Restricted Stock Units^F1,F2	$0.00	Mar 2, 2015	A	2,700	A	—	Mar 2, 2022	Common Stock	2,700	2,700	I
Stock Appreciation Right^F3	$31.99	Mar 2, 2015	A	12,600	A	Mar 2, 2016	Mar 2, 2022	Common Stock	12,600	12,600	I
Restricted Stock Units^F6	$0.00	Mar 2, 2015	M	1,200	D	Mar 2, 2015	Feb 26, 2017	Common Stock	1,200	0	D
Restricted Stock Units^F6	$0.00	Mar 2, 2015	M	602	D	Mar 2, 2015	Feb 25, 2018	Common Stock	602	601	D
Restricted Stock Unit^F1	$0.00	Mar 2, 2015	J	1,400	D	—	Mar 2, 2019	Common Stock	1,400	0	D
Restricted Stock Units^F6	$0.00	Mar 2, 2015	M	800	D	Mar 2, 2015	Feb 26, 2017	Common Stock	4,000	0	I
Restricted Stock Unit^F6	$0.00	Mar 2, 2015	M	3,120	D	Mar 2, 2015	Mar 2, 2019	Common Stock	3,120	2,080	I

F1The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
F2Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 10% and no more than 200% of one share of McGrath RentCorp common stock. The RSUs vest 60% at the end of the three-year performance period if the performance goal is satisfied; then 20% vests each anniversary thereafter.
F320% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter.
F4Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock.
F5Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 188% of one share of McGrath RentCorp common stock.
F6The RSUs vest 60% at the end of the three-year performance period if the performance goal is satisfied; then 20% vests each anniversary thereafter. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on March 2, 2015 and therefore such date is determined to be the date exercisable.
F7Forfeiture of performance based RSUs awarded on 3/2/2012.