SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FAIRHOLME CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)
4400 BISCAYNE BOULEVARD
9TH FLOOR

(Street)
MIAMI FL 33137

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNITED RENTALS INC /DE [ URI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/11/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 8,291,818 I See Footnote(1)
Common Stock 182,730 D(2)
Common Stock 11/11/2008 J(3) 1,348 D $0 2,684,640 I See Footnote(4)
Common Stock 11/11/2008 J(5) 269 D $0 2,684,371 I See Footnote(4)
Common Stock 11/12/2008 S 382 D $7.05 2,683,989 I See Footnotes(4)(6)
Common Stock 11/12/2008 S 1,662 D $6.51 2,682,327 I See Footnotes(4)(6)
Common Stock 11/12/2008 J(5) 3,488 D $0 2,678,839 I See Footnote(4)
Common Stock 11/12/2008 J(3) 2,558 D $0 2,678,839 I See Footnote(4)
Common Stock 11/13/2008 S 705 D $6.61 2,678,134 I See Footnotes(4)(6)
Common Stock 11/13/2008 S 10,503 D $6.51 2,667,631 I See Footnotes(4)(6)
Common Stock 11/13/2008 J(5) 1,089 D $0 2,666,542 I See Footnote(4)
Common Stock 11/13/2008 J(3) 6,608 D $0 2,666,542 I See Footnote(4)
Common Stock 11/13/2008 J(3) 393 D $0 2,666,542 I See Footnote(4)
Common Stock 11/13/2008 J(3) 8,672 D $0 2,666,542 I See Footnote(4)
Common Stock 11/13/2008 J(3) 4,403 D $0 2,666,542 I See Footnote(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
FAIRHOLME CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)
4400 BISCAYNE BOULEVARD
9TH FLOOR

(Street)
MIAMI FL 33137

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BERKOWITZ BRUCE R

(Last) (First) (Middle)
C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C.
4400 BISCAYNE BOULEVARD, 9TH FLOOR

(Street)
MIAMI FL 33137

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. These securities are owned by Fairholme Funds, Inc., and therefore are deemed to be beneficially owned by Fairholme Capital Management, L.L.C., the investment manager of Fairholme Funds, Inc., and Bruce R. Berkowitz, the managing member of Fairholme Capital Management, L.L.C.
2. These securities are owned by Bruce R. Berkowitz, who is a Reporting Person.
3. Due to a distribution of assets, ownership of these securities was transferred from one of Fairholme's private funds to its investors. The investors subsequently placed the securities in separately managed accounts advised by Fairholme Capital Management, L.L.C.
4. Bruce R. Berkowitz ("Mr. Berkowitz") is the managing member of Fairholme Capital Management, L.L.C., a Delaware limited liability company ("Fairholme," and together with Mr. Berkowitz, the "Reporting Persons"), which serves as the general partner, managing member, investment manager or investment adviser to several investment funds, both public and private, and separately managed accounts that own such reported securities. The Reporting Persons each disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of their pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
5. Due to a distribution of assets from one of Fairholme's private funds to its investors, these securities are no longer deemed to be beneficially owned by the Reporting Persons.
6. These transactions were executed on behalf of separately managed accounts to which Fairholme acts as investment adviser.
Fairholme Capital Management, L.L.C., By: /s/ Bruce R. Berkowitz, Managing Member 11/13/2008
/s/ Bruce R. Berkowitz 11/13/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** 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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