0001246360-18-000978.txt : 20180305 0001246360-18-000978.hdr.sgml : 20180305 20180305194212 ACCESSION NUMBER: 0001246360-18-000978 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: VAN TREASE KRISTINA CENTRAL INDEX KEY: 0001465948 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-13292 FILM NUMBER: 18668281 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 0001465948 VAN TREASE KRISTINA 5700 LAS POSITAS ROAD LIVERMORE CA 94551 false true false false VP & Division Manager Common Stock 2018-03-01 4 M false 890 28.9 A 17978 D Common Stock 2018-03-01 4 M false 6500 32.64 A 24478 D Common Stock 2018-03-01 4 M false 470 28.9 A 9416 I Spouse's Holding Common Stock 2018-03-01 4 M false 3500 32.64 A 12916 I Spouse's Holding Common Stock 2018-03-01 4 M false 1160 0 A 25638 D Common Stock 2018-03-01 4 F false 497 50.62 D 12419 I Spouse's Holding Common Stock 2018-03-01 4 D false 2526 50.62 D 9893 I Spouse's Holding Common Stock 2018-03-01 4 F false 402 49.96 D 25236 D Common Stock 2018-03-01 4 F false 932 50.62 D 24304 D Common Stock 2018-03-01 4 D false 4701 50.62 D 19603 D Common Stock 2018-03-02 4 M false 1782 0 A 21385 D Common Stock 2018-03-02 4 F false 618 50.57 D 20767 D Common Stock 2018-03-05 4 S false 2457 49.8472 D 18310 D Common Stock 2018-03-05 4 S false 500 50.601 D 17810 D Restricted Stock Units 0 2018-03-01 4 A false 1900 0 A 2019-03-01 2025-03-01 Common Stock 1900 1900 D Restricted Stock Units 0 2018-03-01 4 A false 1900 0 A 2025-03-01 Common Stock 1900 1900 D Restricted Stock Units 0 2018-03-01 4 A false 1000 0 A 2019-03-01 2025-03-01 Common Stock 1000 1000 I Spouse's Holding Restricted Stock Units 0 2018-03-01 4 A false 1000 0 A 2025-03-01 Common Stock 1000 1000 I Spouse's Holding Stock Appreciation Right 28.9 2018-03-01 4 M false 890 0 D 2014-02-25 2020-02-25 Common Stock 890 0 D Stock Appreciation Right 32.64 2018-03-01 4 M false 6500 0 D 2015-03-03 2021-03-03 Common Stock 6500 2800 D Stock Appreciation Right 28.9 2018-03-01 4 M false 470 0 D 2014-02-25 2020-02-25 Common Stock 470 0 I Spouse's Holding Stock Appreciation Right 32.64 2018-03-01 4 M false 3500 0 D 2015-03-03 2021-03-03 Common Stock 3500 1400 I Spouse's Holding Restricted Stock Units 0 2018-03-01 4 M false 1160 0 D 2020-02-25 Common Stock 1160 0 D Restricted Stock Units 0 2018-03-02 4 M false 1782 0 D 2022-03-02 Common Stock 1782 1188 D Restricted Stock Units 0 2018-03-02 4 J false 1400 0 D 2015-03-02 Common Stock 1400 0 I Spouse's Holding 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 110% 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. Forfeiture of performance based RSUs awarded on 3/2/2015. The RSUs are subject to a performance based vesting component at the end of a three-year performance period. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.50 to $50.495, 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 (10) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.595 to $50.625, 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 (11) to this Form 4. Kay Dashner, POA for Kristina Van Trease 2018-03-05