ELECTRO RENT CORP 4
4 · ELECTRO RENT CORP · Filed Jul 20, 2015
Insider Transaction Report
Form 4
MARKHEIM STEVEN
Vice President
Transactions
- Award
Restricted Stockk Units
2015-07-16+250,000→ 250,000 total→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]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.