X0306
4
2021-05-25
1
0001342287
General Finance CORP
GFN
0001249280
BARRANTES CHARLES E
39 EAST UNION STREET
PASADENA
CA
91103
0
1
0
0
Chief Financial Officer
Common Stock
2021-05-25
4
D
0
186250
19
D
0
D
Stock Option (Right to Buy)
2021-05-25
4
D
0
305000
0
D
Common Stock
305000
0
D
This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 15, 2021, by and among General Finance Corporation (the "Company"), United Rentals (North America), Inc., ("Parent"), and UR Merger Sub VI Corporation ("Merger Sub"), pursuant to which the Company became a direct wholly owned subsidiary of Parent (the "Merger") on May 25, 2021 (the "Effective Time"). At the Effective Time, all of the issued and outstanding shares of the Company's common stock, par value $0.0001 per share (the "Shares") were cancelled and converted into a right to receive $19.00 in cash (the "Merger Consideration") without interest and subject to applicable withholding taxes.
At the Effective Time, all Company Options whether vested or unvested, were cancelled and each holder of such Company Option was entitled to receive (without interest), an amount in cash equal to the product of (x) the number of Shares subject to such Company Option immediately prior to the Effective Time multiplied by (y) the excess, if any, of (A) the Offer Price of $19.00 over (B) the exercise price per Share of such Company Option, less applicable Taxes required to be withheld with respect to such payment.
Christopher A. Wilson, attorney-in-fact for Charles E. Barrantes
2021-05-26