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MCGRATH RENTCORP — Director's Dealing 2016
Mar 2, 2016
31410_dirs_2016-03-02_413950ba-37cd-4c56-b5c6-796347f839a7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MCGRATH RENTCORP (MGRC)
CIK: 0000752714
Period of Report: 2016-02-29
Reporting Person: Hawkins Philip B (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-29 | Common Stock | M | 1200 | — | Acquired | 11533 | Direct |
| 2016-02-29 | Common Stock | M | 4200 | — | Acquired | 15733 | Direct |
| 2016-02-29 | Common Stock | F | 1480 | $24.6 | Disposed | 14253 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-29 | Stock Appreciation Right | $24.6 | A | 44800 | Acquired | 2023-03-01 | Common Stock (44800) | Direct |
| 2016-02-29 | Restricted Stock Units | $0 | M | 1200 | Disposed | 2018-02-25 | Common Stock (1200) | Direct |
| 2016-02-29 | Restricted Stock Units | $0 | M | 4200 | Disposed | 2020-02-25 | Common Stock (7000) | Direct |
Footnotes
F1: 20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter.
F2: Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock.
F3: 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. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 29, 2016 and therefore such date is determined to be the date exercisable.