0001526205-16-000002.txt : 20160810
0001526205-16-000002.hdr.sgml : 20160810
20160810174614
ACCESSION NUMBER: 0001526205-16-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160810
FILED AS OF DATE: 20160810
DATE AS OF CHANGE: 20160810
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ELECTRO RENT CORP
CENTRAL INDEX KEY: 0000032166
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
IRS NUMBER: 952412961
STATE OF INCORPORATION: CA
FISCAL YEAR END: 0531
BUSINESS ADDRESS:
STREET 1: 6060 SEPULVEDA BLVD
CITY: VAN NUYS
STATE: CA
ZIP: 91411-2512
BUSINESS PHONE: 8187872100
MAIL ADDRESS:
STREET 1: 6060 SEPULVEDA BLVD
CITY: VAN NUYS
STATE: CA
ZIP: 91411
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ostenberg Herb F.
CENTRAL INDEX KEY: 0001526205
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-09061
FILM NUMBER: 161822388
MAIL ADDRESS:
STREET 1: 5789 GREEN OAKS DRIVE
CITY: GREENWOOD VILLAGE
STATE: CO
ZIP: 80121
4
1
wf-form4_147086556137058.xml
FORM 4
X0306
4
2016-08-10
1
0000032166
ELECTRO RENT CORP
ELRC
0001526205
Ostenberg Herb F.
5789 GREEN OAKS DR.
GREENWOOD VILLAGE
CA
80121
0
1
0
0
Sr. Vice President
Common Stock
2016-08-10
4
D
0
29231
15.50
D
0
D
Restricted Stock Units
2016-08-10
4
D
0
6352
0
D
Common Stock
6352.0
0
D
Disposed of pursuant to and upon the effectiveness of the merger of Elecor Merger Corporation ("Merger Sub"), a wholly owned subsidiary of Elecor Intermediate Holding II Corporation ("Parent"), with and into the Issuer on August 10, 2016 (the "Merger"), pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of June 23, 2016, by and among Issuer, Merger Sub and Parent (the "Merger Agreement").
Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
The restricted stock units vest in three equal annual installments beginning July 16, 2017. Vested shares will be delivered to the reporting person on the earliest of: a) the first January 1 after the fifth anniversay of the grant, b) a Change of Control, or c) the grantee ceasing to be an employee for any reason.
Upon the effectiveness of the Merger and pursuant to the Merger Agreement, each restricted stock unit (vested and unvested) was canceled in exchange for a right to receive an amount of cash equal to the per share merger consideration of $15.50 per share.
/s/Herb F. Ostenberg
2016-08-10