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FORM 4
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / CHECK BOX IF NO
LONGER SUBJECT TO Filed pursuant to Section 16(a) of the Securities
SECTION 16. FORM 4 Exchange Act of 1934, Section 17(a) of the
OR FORM 5 OBLIGATIONS Public Utility Holding Company Act of 1935
MAY CONTINUE. SEE or Section 30(f) of the Investment Company
INSTRUCTION 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Don R. O'Neal NationsRent, Inc. ("NRI") Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
450 East Las Olas Boulevard, 14th Floor Number of Reporting Month/Year X Officer (give Other (Specify
- --------------------------------------------- Person (Voluntary) October 1998 ---- title --- below)
(Street) ------------------ below)
Fort Lauderdale, Florida 33301 5. If Amendment, President and Chief Operating Officer
- --------------------------------------------- Date of Original --------------------------------------
(City) (State) (Zip) (Month/Year)
7. Individual or Joint/Group Filing
------------------ (Check applicable line)
X Form filed by one
---- Reporting Person
Form filed by more than
---- one Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 3,000 (D)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Response)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative
Deriv- Day/ 8) or Disposed (Month/Day/ Secur-
ative Year) of (D) Year) ity
Security (Instr. 3, (Instr. 5)
4, and 5) -----------------------------------
Date Expira- Amount or
---------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Unsecured Convertible
Subordinated Promissory Note $8.00 10/30/98 J(1) V (1) 10/23/98 10/23/04 Common Stock 913,278 J(1)
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Unsecured Convertible
Subordinated Promissory Note $8.00 10/30/98 J(2) V (2) 10/23/98 10/23/04 Common Stock 375,000 J(2)
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Unsecured Convertible
Subordinated Promissory Note $8.00 10/30/98 J(3) V (3) 10/23/98 10/23/04 Common Stock 1,766,328 J(3)
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Stock Options $5.50 -- -- -- -- 10/23/99 10/23/08 Common Stock 100,000 --
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Unsecured Convertible
Subordinated Promissory Note 913,278 (D)
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Unsecured Convertible
Subordinated Promissory Note 375,000 (D)
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Unsecured Convertible
Subordinated Promissory Note 1,766,328 (I)(3)
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Stock Options 100,000 (D)
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Explanation of Responses:
(1) On October 30, 1998, Ray L. O'Neal, Inc., a Texas corporation ("RLOI") distributed an Unsecured Convertible
Subordinated Promissory Note in the principal amount of $7,306,231 to Mr. Don R. O'Neal, as a shareholder of
RLOI. This $7,306,231 Note was reissued from an Unsecured Convertible Subordinated Promissory Note, dated
October 23, 1998, in the principal amount of $42,500,000 which RLOI it received from the Issuer in connection with the
sale of substantially all of its assets to the Issuer.
(2) On October 30, 1998, Arenco, L.L.C., a Texas limited liability company ("ALLC") distributed an Unsecured Convertible
Subordinated Promissory Note in the principal amount of $3,000,000 to Mr. Don R. O'Neal, as an interest holder
in ALLC. This $3,000,000 Note was reissued from an Unsecured Convertible Subordinated Promissory Note, dated
October 23, 1998, in the principal amount of $7,500,000 which ALLC received from the Issuer in connection with the
sale of substantially all of its assets to the Issuer.
(3) On October 30, 1998, RLOI distributed an Unsecured Convertible Subordinated Promissory Note in the principal
amount of $14,130,631 to the 1997 Ray L. and Ellen M. O'Neal Irrevocable Trust for Don R. O'Neal (the "Trust"),
as a shareholder in RLOI. This $14,130,631 Note was reissued from an Unsecured Convertible Subordinated Promissory
Note, dated October 23, 1998, in the principal amount of $42,500,000 which RLOI received from the Issuer in
connection with the sale of substantially all of its assets to the Issuer. Mr. Don R. O'Neal is a trustee and
beneficiary of the Trust.
Mr. Don R. O'Neal disclaims beneficial ownership of 558,282 shares of Common Stock of the Issuer issuable to his wife, Elizabeth
M. O'Neal, upon the conversion of certain Unsecured Convertible Subordinated Promissory Notes, dated October 30, 1998, in the
principal amounts of $1,466,258 and $3,000,000 distributed from RLOI and ALLC, respectively, to Elizabeth M. O'Neal.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Don R. O'Neal 11/2/98
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Don R. O'Neal, President
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 5 for procedure.
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