MCGRATH RENTCORP — Director's Dealing 2019

Mar 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCGRATH RENTCORP (MGRC)
CIK: 0000752714
Period of Report: 2019-02-28

Reporting Person: HANNA JOSEPH F (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-01	Common Stock	M	22200	$28.9	Acquired	56967	Direct
2019-03-01	Common Stock	M	2002	—	Acquired	58969	Direct
2019-03-01	Common Stock	F	5388	$59.84	Disposed	53581	Direct
2019-03-01	Common Stock	D	10722	$59.84	Disposed	42859	Direct
2019-03-01	Common Stock	F	993	$59.65	Disposed	41866	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-28	Restricted Stock Units	$0	A	8360	Acquired	2026-02-28	Common Stock (8360)	Direct
2019-02-28	Restricted Stock Units	$0	A	8360	Acquired	2026-02-28	Common Stock (8360)	Direct
2019-03-01	Stock Appreciation Right	$28.9	M	22200	Disposed	2020-02-25	Common Stock (22200)	Direct
2019-03-01	Restricted Stock Units	$0	M	2002	Disposed	2025-03-01	Common Stock (2002)	Direct

Footnotes

F1: The restricted stock unit shall vest as follows: 33% on the first annual anniversary of the grant; 33% on the second annual anniversary of the grant; and 34% on the third annual anniversary of the grant. Each restricted stock 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: 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.

F3: 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. The Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.

F4: Due to an administrative error, the number of stock appreciation rights awarded was incorrectly reported as 22,000 on the Form 4 filed February 27, 2013. The award amount is corrected to 22,200 on this filing.