SEC Form 4 · accession 0001246360-19-000946
MCGRATH RENTCORP · MGRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Lieffrig
Officer — VP & Division Manager
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 7:56 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 StockF3 | Mar 1, 2019 | M | 300 | $0.00 | A | 300 | D | |
| Common Stock | Mar 1, 2019 | F | 104 | $59.65 | D | 196 | 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 | Feb 28, 2019 | A | 1,340 | A | Feb 28, 2020 | Feb 28, 2026 | Common Stock | 1,340 | 1,340 | D |
| Restricted Stock UnitsF2 | $0.00 | Feb 28, 2019 | A | 1,340 | A | — | Feb 28, 2026 | Common Stock | 1,340 | 1,340 | D |
| Restricted Stock Units | $0.00 | Mar 1, 2019 | M | 300 | D | Mar 1, 2019 | Mar 1, 2025 | Common Stock | 300 | 1,200 | D |
Explanation of responses
- F1The restricted stock unit shall vest as follows: 33% on the first annual anniversary of the grant; 33% on the second annual anniversary of the grant; and 34% on the third annual anniversary of the grant. Each restricted stock 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.
- F2Unless 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.
- F3The 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.