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MCGRATH RENTCORP — Director's Dealing 2018
Mar 5, 2018
31410_dirs_2018-03-05_b79b56cc-1278-410b-b975-a67e1d09ce4b.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: Skenesky John P (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-01 | Restricted Stock Units | $0 | A | 1700 | Acquired | 2025-03-01 | Common Stock (1700) | Direct |
| 2018-03-01 | Restricted Stock Units | $0 | A | 1700 | Acquired | 2025-03-01 | Common Stock (1700) | Direct |
| 2018-03-02 | Restricted Stock Units | $0 | J | 2700 | Disposed | 2022-03-02 | Common Stock (2700) | Direct |
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: Forfeiture of performance based RSUs awarded on 3/2/2015.