Kroll Martin 4
4 · Essex Rental Corp. · Filed Dec 14, 2012
Insider Transaction Report
Form 4
Kroll Martin
Chief Financial Officer
Transactions
- Conversion
Common Stock, $.0001 par value per share
2012-12-12+75,950→ 89,013 total - Conversion
Class A Units of Essex Holdings LLC
2012-12-12−75,950→ 0 totalExercise: $0.00From: 2008-10-31→ Common Stock, par value $.0001 per share (75,950 underlying)
Footnotes (1)
- [F1]On October 31, 2008, in connection with the completion of the acquisition by Essex Rental Corp (the "Issuer") of Essex Holdings LLC ("Holdings") and Essex Crane Rental Corp., a wholly-owned subsidiary of Holdings, Holdings issued 75,950 of its Class A Units (the "Retained Interests") to the Reporting Person. Each Class A Unit was exchangeable at any time and from time to time for one share of the Issuer's common stock, par value $.0001 per share, subject to certain adjustments, with no expiration date. The Class A Units were structured to facilitate a continuing investment by the Reporting Person (and other members of senior management) in Holdings following its acquisition by the Issuer on a tax deferred basis and on economic terms that would parallel the economic terms of the Issuer's common stock. The Reporting Person is exchanging the Class A Units for the Issuer's common stock at this time for personal tax planning reasons.