0001246360-17-001232.txt : 20170306 0001246360-17-001232.hdr.sgml : 20170306 20170306200712 ACCESSION NUMBER: 0001246360-17-001232 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170302 FILED AS OF DATE: 20170306 DATE AS OF CHANGE: 20170306 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MCGRATH RENTCORP CENTRAL INDEX KEY: 0000752714 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 942579843 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5700 LAS POSITAS RD CITY: LIVERMORE STATE: CA ZIP: 94551 BUSINESS PHONE: 925-606-9200 MAIL ADDRESS: STREET 1: 5700 LAS POSITAS RD CITY: LIVERMORE STATE: CA ZIP: 94551 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hawkins Philip B CENTRAL INDEX KEY: 0001403246 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-13292 FILM NUMBER: 17669374 MAIL ADDRESS: STREET 1: 5700 LAS POSITAS ROAD CITY: LIVERMORE STATE: CA ZIP: 94551 4 1 form.xml PRIMARY DOCUMENT X0306 4 2017-03-02 false 0000752714 MCGRATH RENTCORP MGRC 0001403246 Hawkins Philip B 5700 LAS POSITAS ROAD LIVERMORE CA 94551 false true false false VP & Division Manager Common Stock 2017-03-02 4 M false 1400 0 A 5496 D Common Stock 2017-03-02 4 F false 372 34.57 D 5124 D Restricted Stock Units 0 2017-03-02 4 A false 3200 0 A 2024-03-02 Common Stock 3200 3200 D Stock Appreciation Right 34.57 2017-03-02 4 A false 17600 0 A 2018-03-02 2024-03-02 Common Stock 17600 17600 D Restricted Stock Units 0 2017-03-02 4 M false 1400 0 D 2020-02-25 Common Stock 1400 1400 D Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock. The RSUs are subject to a performance based vesting component at the end of a three-year performance period. Unless earlier forfeited under the terms of the performance based RSU, each 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 goal is satisfied; then 20% vests each anniversary thereafter. 20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter. 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, 2017 and therefore such date is determined to be the date exercisable. Randle F. Rose, POA for Philip B. Hawkins 2017-03-06