Filing Details
- Accession Number:
- 0001246360-19-000947
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-03-04 20:00:11
- Reporting Period:
- 2019-02-28
- Accepted Time:
- 2019-03-04 20:00:11
- 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 | Executive 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 | 2019-02-28 | 960 | $32.64 | 26,342 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2019-02-28 | 1,300 | $31.99 | 27,642 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2019-02-28 | 3,920 | $24.60 | 31,562 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2019-02-28 | 6,200 | $34.57 | 37,762 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-02-28 | 2,965 | $60.29 | 34,797 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2019-02-28 | 6,366 | $60.29 | 28,431 | No | 4 | D | Direct | |
| Common Stock | Acquisiton | 2019-03-01 | 880 | $0.00 | 29,311 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-03-01 | 368 | $59.65 | 28,943 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2019-03-04 | 3,049 | $60.03 | 25,894 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | D | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2019-02-28 | 3,680 | $0.00 | 3,680 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2019-02-28 | 3,680 | $0.00 | 3,680 | $0.00 |
| Common Stock | Stock Appreciation Right | Disposition | 2019-02-28 | 960 | $0.00 | 960 | $32.64 |
| Common Stock | Stock Appreciation Right | Disposition | 2019-02-28 | 1,300 | $0.00 | 1,300 | $31.99 |
| Common Stock | Stock Appreciation Right | Disposition | 2019-02-28 | 3,920 | $0.00 | 3,920 | $24.60 |
| Common Stock | Stock Appreciation Right | Disposition | 2019-02-28 | 6,200 | $0.00 | 6,200 | $34.57 |
| Common Stock | Restricted Stock Units | Disposition | 2019-03-01 | 880 | $0.00 | 880 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,680 | 2020-02-28 | 2026-02-28 | No | 4 | A | Direct |
| 3,680 | 2026-02-28 | No | 4 | A | Direct | |
| 960 | 2015-03-03 | 2021-03-03 | No | 4 | M | Direct |
| 6,500 | 2016-03-02 | 2022-03-02 | No | 4 | M | Direct |
| 35,280 | 2017-03-01 | 2023-03-01 | No | 4 | M | Direct |
| 20,800 | 2018-03-02 | 2024-03-02 | No | 4 | M | Direct |
| 3,520 | 2019-03-01 | 2025-03-01 | No | 4 | M | Direct |
Footnotes
- 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.
- 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.
- 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.00 to $60.13, 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 (4) to this Form 4.
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