ELECTRO RENT CORP 4
4 · ELECTRO RENT CORP · Filed Jul 20, 2015
Insider Transaction Report
Form 4
MARKHEIM STEVEN
Vice President
Transactions
- Award
Restricted Stock Units
2015-07-16+22,686→ 22,686 total→ Common Stock (22,686 underlying)
Footnotes (3)
- [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.
- [F3]These shares were incorrectly stated as 250,000 shares on the reporting person's original Form 4.