FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Hawkins Philip B
2. Issuer Name and Ticker or Trading Symbol

MCGRATH RENTCORP [ MGRC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
VP & Division Manager
(Last)          (First)          (Middle)

5700 LAS POSITAS ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

3/1/2021
(Street)

LIVERMORE, CA 94551
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3/1/2021  M  640 A$0 640 D  
Common Stock 3/1/2021  M  4000 (5)A$0 4640 D  
Common Stock 3/1/2021  M  400 A$0 5040 D  
Common Stock 3/1/2021  M  649 A$0 5689 D  
Common Stock 3/1/2021  F  1369 D$78.58 4320 D  
Common Stock 3/2/2021  M  1280 A$0 5600 D  
Common Stock 3/1/2021  F  312 D$76.9 5288 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units $0 3/1/2021  M     4000   (1)3/1/2025 Common Stock 4000 $0 0 D  
Restricted Stock Units $0 3/1/2021  M     400   (2)3/1/2025 Common Stock 400 $0 800 D  
Restricted Stock Units $0 3/1/2021  M     640   (3)2/28/2026 Common Stock 640 $0 641 D  
Restricted Stock Units $0 3/1/2021  M     649   (3)2/27/2027 Common Stock 649 $0 1301 D  
Restricted Stock Units $0 3/2/2021  M     1280   (4)3/2/2024 Common Stock 1280 $0 1280 D  

Explanation of Responses:
(1) 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.
(2) 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 Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.
(3) The restricted stock unit shall vest as follows: 33% on the first annual anniversary of the grant; 33% on the second annual anniversary of the grant; and 34% on the third annual anniversary of the grant. Each restricted stock 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 conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on March 1, 2021 and therefore such date is determined to be the date exercisable.
(4) 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. 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 Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.
(5) Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Hawkins Philip B
5700 LAS POSITAS ROAD
LIVERMORE, CA 94551


VP & Division Manager

Signatures
David Whitney, POA for Philip B. Hawkins3/5/2021
**Signature of Reporting PersonDate

McGrath RentCorp (NASDAQ:MGRC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more McGrath RentCorp Charts.
McGrath RentCorp (NASDAQ:MGRC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more McGrath RentCorp Charts.