SEC Form 4 · accession 0001246360-17-001227
MCGRATH RENTCORP · MGRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph F Hanna
Officer — President & CEO · Director
Period of report
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 7:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000752714
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Mar 2, 2017 | A | 10,100 | A | — | Mar 2, 2024 | Common Stock | 10,100 | 10,100 | D |
| Stock Appreciation RightF3 | $34.57 | Mar 2, 2017 | A | 56,000 | A | Mar 2, 2018 | Mar 2, 2024 | Common Stock | 56,000 | 56,000 | D |
| Restricted Stock UnitsF1 | $0.00 | Mar 3, 2017 | J | 6,500 | D | — | Mar 3, 2021 | Common Stock | 6,500 | 0 | D |
Explanation of responses
- 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.
- F4Forfeiture of performance based RSUs awarded on 3/3/2014.