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MCGRATH RENTCORP — Director's Dealing 2017
Mar 6, 2017
31410_dirs_2017-03-06_fbb3788c-a4be-4bcc-a93b-8580f3fb220c.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: PRATT KEITH E (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-02 | Restricted Stock Units | $0 | A | 5800 | Acquired | 2024-03-02 | Common Stock (5800) | Direct |
| 2017-03-02 | Stock Appreciation Right | $34.57 | A | 32000 | Acquired | 2024-03-02 | Common Stock (32000) | Direct |
| 2017-03-03 | Restricted Stock Units | $0 | J | 5400 | Disposed | 2021-03-03 | Common Stock (5400) | Direct |
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: Forfeiture of performance based RSUs awarded on 3/3/2014.