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