Filing Details
- Accession Number:
- 0001246360-13-001721
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-02-27 21:42:09
- Reporting Period:
- 2013-02-25
- Filing Date:
- 2013-02-27
- Accepted Time:
- 2013-02-27 21:42:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 752714 | Mcgrath Rentcorp | MGRC | Services-Equipment Rental & Leasing, Nec (7359) | 942579843 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1231890 | E Keith Pratt | 5700 Las Positas Road Livermore CA 94551 | Sr Vp And Cfo | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2013-02-25 | 1,050 | $20.71 | 1,050 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2013-02-25 | 1,050 | $29.81 | 0 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2013-02-26 | 8,400 | $0.00 | 8,400 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2013-02-26 | 3,168 | $29.28 | 5,232 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Appreciation Right | Acquisiton | 2013-02-25 | 18,300 | $0.00 | 18,300 | $28.90 |
| Common Stock | Restricted Stock Units | Acquisiton | 2013-02-25 | 6,100 | $0.00 | 6,100 | $0.00 |
| Common Stock | Stock Option | Disposition | 2013-02-25 | 1,050 | $0.00 | 1,050 | $20.71 |
| Common Stock | Restricted Stock Units | Disposition | 2013-02-26 | 8,400 | $0.00 | 8,400 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 18,300 | 2014-02-25 | 2020-02-25 | No | 4 | A | Direct |
| 6,100 | 2020-02-25 | No | 4 | A | Direct | |
| 70,950 | 2009-02-25 | 2015-02-25 | No | 4 | M | Direct |
| 5,600 | 2013-02-26 | 2017-02-26 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 600 | Indirect | By KSOP |
Footnotes
- 20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter.
- The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
- Unless earlier forfeited, each performance based 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 goals are satisfied; then 20% vests each anniversary thereafter.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.80 to 30.00, 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 (1) to this Form 4.
- Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 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.
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