SEC Form 4 · accession 0001246360-19-000950

MCGRATH RENTCORP · MGRC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP & Division Manager

Period of report

Feb 28, 2019

Accepted (ET)

Mar 4, 2019 · 8:07 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	Feb 28, 2019	M	1,395	$32.64	A	15,526	D
Common Stock	Feb 28, 2019	M	1,890	$31.99	A	17,416	D
Common Stock	Feb 28, 2019	M	5,715	$24.60	A	23,131	D
Common Stock	Feb 28, 2019	M	5,845	$34.57	A	28,976	D
Common Stock	Feb 28, 2019	M	735	$32.64	A	9,681	I	Spouse's Holding
Common Stock	Feb 28, 2019	M	1,005	$31.99	A	10,686	I	Spouse's Holding
Common Stock	Feb 28, 2019	M	3,015	$24.60	A	13,701	I	Spouse's Holding
Common Stock	Feb 28, 2019	M	2,800	$34.57	A	16,501	I	Spouse's Holding
Common Stock	Feb 28, 2019	F	3,826	$60.29	D	25,150	D
Common Stock	Feb 28, 2019	D	7,443	$60.29	D	17,707	D
Common Stock	Feb 28, 2019	F	1,935	$60.29	D	14,566	I	Spouse's Holding
Common Stock	Feb 28, 2019	D	3,769	$60.29	D	10,797	I	Spouse's Holding
Common Stock^F3	Mar 1, 2019	M	380	$0.00	A	18,087	D
Common Stock^F3	Mar 1, 2019	M	200	$0.00	A	10,997	I	Spouse's Holding
Common Stock	Mar 1, 2019	F	132	$59.65	D	17,955	D
Common Stock	Mar 1, 2019	F	84	$59.65	D	10,913	I	Spouse's Holding

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1	$0.00	Feb 28, 2019	A	1,670	A	Feb 28, 2020	Feb 28, 2026	Common Stock	1,670	1,670	D
Restricted Stock Units^F2	$0.00	Feb 28, 2019	A	1,670	A	—	Feb 28, 2026	Common Stock	1,670	1,670	D
Restricted Stock Units^F1	$0.00	Feb 28, 2019	A	1,250	A	Feb 28, 2020	Feb 28, 2026	Common Stock	1,250	1,250	I
Restricted Stock Units^F2	$0.00	Feb 28, 2019	A	1,250	A	—	Feb 28, 2026	Common Stock	1,250	1,250	I
Stock Appreciation Right	$32.64	Feb 28, 2019	M	1,395	D	Mar 3, 2015	Mar 3, 2021	Common Stock	1,395	465	D
Stock Appreciation Right	$31.99	Feb 28, 2019	M	1,890	D	Mar 2, 2016	Mar 2, 2022	Common Stock	1,890	3,150	D
Stock Appreciation Right	$24.60	Feb 28, 2019	M	5,715	D	Mar 1, 2017	Mar 1, 2023	Common Stock	5,715	17,145	D
Stock Appreciation Right	$34.57	Feb 28, 2019	M	5,845	D	Mar 2, 2018	Mar 2, 2024	Common Stock	5,845	10,855	D
Stock Appreciation Right	$32.64	Feb 28, 2019	M	735	D	Mar 3, 2015	Mar 3, 2021	Common Stock	735	245	I
Stock Appreciation Right	$31.99	Feb 28, 2019	M	1,005	D	Mar 2, 2016	Mar 2, 2022	Common Stock	1,005	1,675	I
Stock Appreciation Right	$24.60	Feb 28, 2019	M	3,015	D	Mar 1, 2017	Mar 1, 2023	Common Stock	3,015	9,045	I
Stock Appreciation Right	$34.57	Feb 28, 2019	M	2,800	D	Mar 2, 2018	Mar 2, 2024	Common Stock	2,800	5,200	I
Restricted Stock Units	$0.00	Mar 1, 2019	M	380	D	Mar 1, 2019	Mar 1, 2025	Common Stock	380	1,520	D
Restricted Stock Units	$0.00	Mar 1, 2019	M	200	D	Mar 1, 2019	Mar 1, 2025	Common Stock	200	800	I

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. The Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.