SEC Form 4 · accession 0001246360-18-000972
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 1, 2018
Accepted (ET)
Mar 5, 2018 · 7:07 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 | $0.00 | Mar 1, 2018 | A | 10,010 | A | Mar 1, 2019 | Mar 1, 2025 | Common Stock | 10,010 | 10,010 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Mar 1, 2018 | A | 10,010 | A | — | Mar 1, 2025 | Common Stock | 10,010 | 10,010 | D |
| Restricted Stock UnitsF2 | $0.00 | Mar 2, 2018 | J | 6,600 | D | — | Mar 2, 2022 | Common Stock | 6,600 | 0 | D |
Explanation of responses
- F1The restricted stock unit vests 20% on each anniversary of the grant date until fully vested. Each unit represents a right to receive one share of common stock or an amount equal to the fair market value of the Common Stock underlying the unit on the vesting date.
- F2The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
- F3Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 50% and no more than 200% of one share of McGrath RentCorp common stock. The RSUs vest 100% at the end of the three-year performance period if the performance goal is satisfied.
- F4Forfeiture of performance based RSUs awarded on 3/2/2015.