SEC Form 4 · accession 0001246360-16-004888
MCGRATH RENTCORP · MGRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Skenesky
Officer — VP and Division Manager
Period of report
Mar 2, 2016
Accepted (ET)
Mar 3, 2016 · 7:35 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 StockF1 | Mar 2, 2016 | M | 1,040 | $0.00 | A | 5,915 | D | |
| Common Stock | Mar 2, 2016 | F | 292 | $24.86 | D | 5,623 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2 | $0.00 | Mar 2, 2016 | M | 1,040 | D | — | Mar 2, 2019 | Common Stock | 1,040 | 1,040 | D |
Explanation of responses
- F1Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock.
- F2The 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, 2016 and therefore such date is determined to be the date exercisable.