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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 Identification 4. Statement for ---- ---
450 East Las Olas Blvd., Suite 1400 Number of Reporting Month/Year X Officer (give Other (Specify
- --------------------------------------------- Person, if an Entity 12/98 ---- title --- below)
(Street) (Voluntary) ------------------ below)
Fort Lauderdale, FL 33309 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 12/16/98 C(1) 1,016,519 (A) $7.1875/sh. -- (D) -N/A-
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Common Stock 12/16/98 C(2) 417,391 (A) $7.1875/sh. 1,436,910 (D) -N/A-
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Common Stock 12/16/98 C(3) 1,966,000 (A) $7.1875/sh. 1,966,000 (I) (4)
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Common Stock -- -- -- -- -- 621,392 (I) (5)
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*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
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 $7.1875 12/16/98 C(1) -- $ 7,306,231 10/23/98 10/23/04 Common Stock 1,016,519 --
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Unsecured Convertible
Subordinated Promissory Note $7.1875 12/16/98 C(2) -- $ 3,000,000 10/23/98 10/23/04 Common Stock 417,391 --
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Unsecured Convertible
Subordinated Promissory Note $7.1875 12/16/98 C(3) -- $14,130,631 10/23/98 10/23/04 Common Stock 1,966,000 --
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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 0 -- --
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Unsecured Convertible
Subordinated Promissory Note 0 -- --
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Unsecured Convertible
Subordinated Promissory Note 0 -- --
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Stock Options 100,000 (D) N/A
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Explanation of Responses:
(1) This transaction represents the conversion of a convertible promissory note in the
principal amount of $7,306,231.
(2) This transaction represents the conversion of a convertible promissory note in the
principal amount of $3,000,000.
(3) This transaction represents the conversion of a convertible promissory note in the
principal amount of $14,130,631.
(4) These shares are held by the 1997 Roy L. and Ellen M. O'Neal Irrevocable Trust for Don R. O'Neal,
of which the reporting person is a trustee and beneficiary.
(5) The reporting person disclaims beneficial ownership of 621,392 shares of Common Stock held by his wife,
which shares were acquired upon the conversion of convertible promissory notes in the aggregate principal
amount of $4,466,258.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Don R. O'Neal 1/11/99
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Don R. O'Neal
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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