0001163526-16-000004.txt : 20160810 0001163526-16-000004.hdr.sgml : 20160810 20160810174753 ACCESSION NUMBER: 0001163526-16-000004 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160810 FILED AS OF DATE: 20160810 DATE AS OF CHANGE: 20160810 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRO RENT CORP CENTRAL INDEX KEY: 0000032166 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 952412961 STATE OF INCORPORATION: CA FISCAL YEAR END: 0531 BUSINESS ADDRESS: STREET 1: 6060 SEPULVEDA BLVD CITY: VAN NUYS STATE: CA ZIP: 91411-2512 BUSINESS PHONE: 8187872100 MAIL ADDRESS: STREET 1: 6060 SEPULVEDA BLVD CITY: VAN NUYS STATE: CA ZIP: 91411 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MARKHEIM STEVEN CENTRAL INDEX KEY: 0001163526 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-09061 FILM NUMBER: 161822391 MAIL ADDRESS: STREET 1: C/O ELECTRO RENT CORP STREET 2: 6060 SEPULVEDA BLVD CITY: VAN NUYS STATE: CA ZIP: 91411 4 1 wf-form4_147086565919993.xml FORM 4 X0306 4 2016-08-10 1 0000032166 ELECTRO RENT CORP ELRC 0001163526 MARKHEIM STEVEN 25812 CHALMERS PLACE CALABASAS CA 91302 0 1 0 0 President and CEO Common Stock 2016-08-10 4 D 0 182990 15.50 D 0 D Restricted Stock Units 2016-08-10 4 D 0 22686 0 D Common Stock 0.0 0 D Disposed of pursuant to and upon the effectiveness of the merger of Elecor Merger Corporation ("Merger Sub"), a wholly owned subsidiary of Elecor Intermediate Holding II Corporation ("Parent"), with and into the Issuer on August 10, 2016 (the "Merger"), pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of June 23, 2016, by and among Issuer, Merger Sub and Parent (the "Merger Agreement"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. 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. Upon the effectiveness of the Merger and pursuant to the Merger Agreement, each restricted stock unit (vested and unvested) was canceled in exchange for a right to receive an amount of cash equal to the per share merger consideration of $15.50 per share. /s/Steven Markheim 2016-08-10