0001246360-18-000977.txt : 20180305
0001246360-18-000977.hdr.sgml : 20180305
20180305193511
ACCESSION NUMBER: 0001246360-18-000977
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180301
FILED AS OF DATE: 20180305
DATE AS OF CHANGE: 20180305
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: 18668267
MAIL ADDRESS:
STREET 1: 5700 LAS POSITAS ROAD
CITY: LIVERMORE
STATE: CA
ZIP: 94551
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
4
1
form.xml
PRIMARY DOCUMENT
X0306
4
2018-03-01
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
2018-03-01
4
M
false
1400
0
A
7390
D
Common Stock
2018-03-01
4
M
false
10400
28.9
A
17790
D
Common Stock
2018-03-01
4
M
false
16425
32.64
A
34215
D
Common Stock
2018-03-01
4
F
false
2850
50.62
D
31365
D
Common Stock
2018-03-01
4
D
false
16529
50.62
D
14836
D
Common Stock
2018-03-02
4
M
false
3720
0
A
18556
D
Common Stock
2018-03-02
4
F
false
906
50.57
D
17650
D
Common Stock
2018-03-05
4
S
false
5990
49.5449
D
11660
D
Restricted Stock Units
0
2018-03-01
4
A
false
2000
0
A
2019-03-01
2025-03-01
Common Stock
2000
2000
D
Restricted Stock Units
0
2018-03-01
4
A
false
2000
0
A
2025-03-01
Common Stock
2000
2000
D
Restricted Stock Units
0
2018-03-01
4
M
false
1400
0
D
2020-02-25
Common Stock
1400
0
D
Stock Appreciation Right
28.9
2018-03-01
4
M
false
10400
0
D
2014-02-25
2020-02-25
Common Stock
10400
0
D
Stock Appreciation Right
32.64
2018-03-01
4
M
false
16425
0
D
2015-03-03
2021-03-03
Common Stock
16425
5475
D
Restricted Stock Units
0
2018-03-02
4
M
false
3720
0
D
2022-03-02
Common Stock
3720
2480
D
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 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 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.
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. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on March 1, 2018 and therefore such date is determined to be the date exercisable.
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. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on March 2, 2018 and therefore such date is determined to be the date exercisable.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.40 to $49.8301, 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 (8) to this Form 4.
Kay Dashner, POA for Philip B. Hawkins
2018-03-05