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MCGRATH RENTCORP — Director's Dealing 2018
Mar 5, 2018
31410_dirs_2018-03-05_271c6406-70ef-4339-b6b2-b018e9977968.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: 2018-03-01
Reporting Person: VAN TREASE KRISTINA (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-01 | Common Stock | M | 890 | $28.9 | Acquired | 17978 | Direct |
| 2018-03-01 | Common Stock | M | 6500 | $32.64 | Acquired | 24478 | Direct |
| 2018-03-01 | Common Stock | M | 470 | $28.9 | Acquired | 9416 | Indirect |
| 2018-03-01 | Common Stock | M | 3500 | $32.64 | Acquired | 12916 | Indirect |
| 2018-03-01 | Common Stock | M | 1160 | — | Acquired | 25638 | Direct |
| 2018-03-01 | Common Stock | F | 497 | $50.62 | Disposed | 12419 | Indirect |
| 2018-03-01 | Common Stock | D | 2526 | $50.62 | Disposed | 9893 | Indirect |
| 2018-03-01 | Common Stock | F | 402 | $49.96 | Disposed | 25236 | Direct |
| 2018-03-01 | Common Stock | F | 932 | $50.62 | Disposed | 24304 | Direct |
| 2018-03-01 | Common Stock | D | 4701 | $50.62 | Disposed | 19603 | Direct |
| 2018-03-02 | Common Stock | M | 1782 | — | Acquired | 21385 | Direct |
| 2018-03-02 | Common Stock | F | 618 | $50.57 | Disposed | 20767 | Direct |
| 2018-03-05 | Common Stock | S | 2457 | $49.8472 | Disposed | 18310 | Direct |
| 2018-03-05 | Common Stock | S | 500 | $50.601 | Disposed | 17810 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-01 | Restricted Stock Units | $0 | A | 1900 | Acquired | 2025-03-01 | Common Stock (1900) | Direct |
| 2018-03-01 | Restricted Stock Units | $0 | A | 1900 | Acquired | 2025-03-01 | Common Stock (1900) | Direct |
| 2018-03-01 | Restricted Stock Units | $0 | A | 1000 | Acquired | 2025-03-01 | Common Stock (1000) | Indirect |
| 2018-03-01 | Restricted Stock Units | $0 | A | 1000 | Acquired | 2025-03-01 | Common Stock (1000) | Indirect |
| 2018-03-01 | Stock Appreciation Right | $28.9 | M | 890 | Disposed | 2020-02-25 | Common Stock (890) | Direct |
| 2018-03-01 | Stock Appreciation Right | $32.64 | M | 6500 | Disposed | 2021-03-03 | Common Stock (6500) | Direct |
| 2018-03-01 | Stock Appreciation Right | $28.9 | M | 470 | Disposed | 2020-02-25 | Common Stock (470) | Indirect |
| 2018-03-01 | Stock Appreciation Right | $32.64 | M | 3500 | Disposed | 2021-03-03 | Common Stock (3500) | Indirect |
| 2018-03-01 | Restricted Stock Units | $0 | M | 1160 | Disposed | 2020-02-25 | Common Stock (1160) | Direct |
| 2018-03-02 | Restricted Stock Units | $0 | M | 1782 | Disposed | 2022-03-02 | Common Stock (1782) | Direct |
| 2018-03-02 | Restricted Stock Units | $0 | J | 1400 | Disposed | 2015-03-02 | Common Stock (1400) | Indirect |
Footnotes
F1: The 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.
F2: The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
F3: Unless 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.
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 1, 2018 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 110% of one share of McGrath RentCorp common stock.
F7: 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, 2018 and therefore such date is determined to be the date exercisable.
F8: Forfeiture of performance based RSUs awarded on 3/2/2015.
F9: The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.50 to $50.495, inclusive. The reporting person undertakes to provide to McGrath RentCorp, any security holder of McGrath RentCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (10) to this Form 4.
F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.595 to $50.625, inclusive. The reporting person undertakes to provide to McGrath RentCorp, any security holder of McGrath RentCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (11) to this Form 4.