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MCGRATH RENTCORP — Director's Dealing 2020
Mar 4, 2020
31410_dirs_2020-03-04_ab3b9388-e955-404a-92c0-2b40c400fbb4.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: 2020-03-02
Reporting Person: Hawkins Philip B (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-02 | Common Stock | M | 1240 | — | Acquired | 1723 | Direct |
| 2020-03-02 | Common Stock | M | 3840 | — | Acquired | 5563 | Direct |
| 2020-03-02 | Common Stock | M | 400 | — | Acquired | 5963 | Direct |
| 2020-03-02 | Common Stock | F | 1336 | $70.68 | Disposed | 4627 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-03-02 | Restricted Stock Units | $0 | M | 1240 | Disposed | 2022-03-02 | Common Stock (1240) | Direct |
| 2020-03-02 | Restricted Stock Units | $0 | M | 3840 | Disposed | 2024-03-02 | Common Stock (3840) | Direct |
| 2020-03-02 | Restricted Stock Units | $0 | M | 400 | Disposed | 2025-03-01 | Common Stock (400) | Direct |
Footnotes
F1: Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock.
F2: 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, 2020 and therefore such date is determined to be the date exercisable.
F3: The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on March 2, 2020 and therefore such date is determined to be the date exercisable.