MAC-GRAY CORP 4
4 · MAC-GRAY CORP · Filed Oct 4, 2013
Insider Transaction Report
Form 4
Rothenberg Michael
Director
Transactions
- Award
Common Stock
2013-10-02$14.56/sh+515$7,498→ 1,048 total
Holdings
- 1,338,127(indirect: By Moab Partners, L.P.)
Common Stock
Footnotes (2)
- [F1]Shares were acquired under the Directors' compensation plan approved by the Company's Board of Directors. The compensation plan provides that a director who is not an employee of the Company shall receive an annual fee for his/her services with such fee to be paid quarterly in the form of shares of the Company's common stock with respect to 75% of the fee if the director has not met the target stock ownership requirement under the Mac-Gray Corporation Stock Ownership Guidelines, with the balance to be paid in cash or shares of the Company's stock, at the director's election.
- [F2]The securities are owned directly by Moab Partners, L.P. (the "Fund"). Michael M. Rothenberg is the Managing Member of Moab GP, LLC, the general partner of the Fund, and Moab Capital Partners, LLC, the investment adviser to the Fund; and is also a limited partner in the Fund. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.