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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Appreciation Right | $ 24.6 | 02/29/2016 | A | 38,100 | 03/01/2017(2) | 03/01/2023 | Common Stock | 38,100 | $ 0 | 38,100 | D | ||||
Restricted Stock Units | $ 0 | 02/29/2016 | M | 1,200 | (3) | 02/25/2018 | Common Stock | 1,200 | $ 0 | 0 | D | ||||
Restricted Stock Units | $ 0 | 02/29/2016 | J(5) | 2,900 | (6) | 02/25/2020 | Common Stock | 2,900 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Buckland Bruce Michael 5700 LAS POSITAS ROAD LIVERMORE, CA 94551 |
VP & Division Manager |
Randle Rose, POA for Bruce Michael Buckland | 03/02/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock. |
(2) | 20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter. |
(3) | 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 February 29, 2016 and therefore such date is determined to be the date exercisable. |
(4) | Of the 5,723 shares reported, Mr. Buckland has voting and dispositive powers over 2,803 shares. He has voting powers over the remaining shares with the dispositive powers for such shares being held by his former spouse pursuant to the terms of a domestic order. |
(5) | Forfeiture of performance based RSUs awarded on 2/25/2013. |
(6) | The RSUs are subject to a performance based vesting component at the end of a three-year performance period. |