Statement of Changes in Beneficial Ownership (4)
2016年8月11日 - 6:47AM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Ostenberg Herb F.
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2. Issuer Name
and
Ticker or Trading Symbol
ELECTRO RENT CORP
[
ELRC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Sr. Vice President
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(Last)
(First)
(Middle)
5789 GREEN OAKS DR.
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3. Date of Earliest Transaction
(MM/DD/YYYY)
8/10/2016
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(Street)
GREENWOOD VILLAGE, CA 80121
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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8/10/2016
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D
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29231
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D
(1)
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$15.50
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0
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Units
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(2)
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8/10/2016
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D
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6352
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(3)
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(3)
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Common Stock
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6352.0
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$0
(4)
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0
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D
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Explanation of Responses:
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(
1)
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Disposed of pursuant to and upon the effectiveness of the merger of Elecor Merger Corporation ("Merger Sub"), a wholly owned subsidiary of Elecor Intermediate Holding II Corporation ("Parent"), with and into the Issuer on August 10, 2016 (the "Merger"), pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of June 23, 2016, by and among Issuer, Merger Sub and Parent (the "Merger Agreement").
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(
2)
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Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
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(
3)
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The restricted stock units vest in three equal annual installments beginning July 16, 2017. Vested shares will be delivered to the reporting person on the earliest of: a) the first January 1 after the fifth anniversay of the grant, b) a Change of Control, or c) the grantee ceasing to be an employee for any reason.
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(
4)
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Upon the effectiveness of the Merger and pursuant to the Merger Agreement, each restricted stock unit (vested and unvested) was canceled in exchange for a right to receive an amount of cash equal to the per share merger consideration of $15.50 per share.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Ostenberg Herb F.
5789 GREEN OAKS DR.
GREENWOOD VILLAGE, CA 80121
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Sr. Vice President
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Signatures
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/s/Herb F. Ostenberg
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8/10/2016
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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