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MCGRATH RENTCORP — Director's Dealing 2017
Mar 6, 2017
31410_dirs_2017-03-06_02a43140-ec9b-4ad5-ae92-d92c724cd674.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: 2017-03-02
Reporting Person: Whitney David M (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-02 | Common Stock | M | 1160 | — | Acquired | 16593 | Indirect |
| 2017-03-02 | Common Stock | M | 1040 | — | Acquired | 17633 | Indirect |
| 2017-03-02 | Common Stock | F | 808 | $34.57 | Disposed | 16825 | Indirect |
| 2017-03-03 | Common Stock | M | 2496 | — | Acquired | 19321 | Indirect |
| 2017-03-03 | Common Stock | F | 931 | $34.18 | Disposed | 18390 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-02 | Restricted Stock Units | $0 | A | 1400 | Acquired | 2024-03-02 | Common Stock (1400) | Direct |
| 2017-03-02 | Stock Appreciation Right | $34.57 | A | 8000 | Acquired | 2024-03-02 | Common Stock (8000) | Direct |
| 2017-03-02 | Restricted Stock Units | $0 | A | 3000 | Acquired | 2024-03-02 | Common Stock (3000) | Indirect |
| 2017-03-02 | Stock Appreciation Right | $34.57 | A | 16700 | Acquired | 2024-03-02 | Common Stock (16700) | Indirect |
| 2017-03-02 | Restricted Stock Units | $0 | M | 1160 | Disposed | 2020-02-25 | Common Stock (1160) | Indirect |
| 2017-03-02 | Restricted Stock Unit | $0 | M | 1040 | Disposed | 2019-03-02 | Common Stock (1040) | Indirect |
| 2017-03-03 | Restricted Stock Units | $0 | J | 1400 | Disposed | 2021-03-03 | Common Stock (1400) | Direct |
| 2017-03-03 | Restricted Stock Units | $0 | M | 2496 | Disposed | 2021-03-03 | Common Stock (2496) | Indirect |
Footnotes
F1: The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
F2: Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 10% and no more than 200% of one share of McGrath RentCorp common stock. 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.
F3: 20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter.
F4: Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock.
F5: 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 March 2, 2017 and therefore such date is determined to be the date exercisable.
F6: Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 160% of one share of McGrath RentCorp common stock.
F7: Forfeiture of performance based RSUs awarded on 3/3/2014.
F8: 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 March 3, 2017 and therefore such date is determined to be the date exercisable.