SEC Form 4 · accession 0001246360-18-000975
MCGRATH RENTCORP · MGRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith E Pratt
Officer — Executive VP and CFO
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 7:28 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 | Mar 1, 2018 | M | 1,830 | $28.90 | A | 27,212 | D | |
| Common Stock | Mar 1, 2018 | M | 3,000 | $31.99 | A | 30,212 | D | |
| Common Stock | Mar 1, 2018 | M | 3,920 | $24.60 | A | 34,132 | D | |
| Common Stock | Mar 1, 2018 | F | 1,938 | $50.62 | D | 32,194 | D | |
| Common Stock | Mar 1, 2018 | D | 4,847 | $50.62 | D | 27,347 | 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 UnitsF1 | $0.00 | Mar 1, 2018 | A | 4,400 | A | Mar 1, 2019 | Mar 1, 2025 | Common Stock | 4,400 | 4,400 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Mar 1, 2018 | A | 4,400 | A | — | Mar 1, 2025 | Common Stock | 4,400 | 4,400 | D |
| Stock Appreciation Right | $28.90 | Mar 1, 2018 | M | 1,830 | D | Feb 25, 2014 | Feb 25, 2020 | Common Stock | 1,830 | 0 | D |
| Stock Appreciation Right | $31.99 | Mar 1, 2018 | M | 3,000 | D | Mar 2, 2016 | Mar 2, 2022 | Common Stock | 3,000 | 15,000 | D |
| Stock Appreciation Right | $24.60 | Mar 1, 2018 | M | 3,920 | D | Mar 1, 2017 | Mar 1, 2023 | Common Stock | 3,920 | 50,960 | D |
| Restricted Stock UnitsF2 | $0.00 | Mar 2, 2018 | J | 5,500 | D | — | Mar 2, 2015 | Common Stock | 5,500 | 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.