<PAGE>
<TABLE>
<CAPTION>
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 OMB Number 3235-0104
Expires: December 31, 2001
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. Name and Address of 2. Date of Event 4. Issuer Name and Ticker or Trading Symbol
Reporting Person* Requiring NationsRent, Inc. NRI
Statement
Sipco Limited (Month/Day/Year)
- -------------------------------- July 20, 1999 ---------------------------------------------------------------------------
(Last) (First) (Middle) ------------------------ 5. Relationship of 6. If Amendment,
3. IRS Indemnification Reporting Person(s) to Date of
PO Box 1111, West Wind Building, Number of Reporting Issuer Original
Harbour Drive Person, if an (Check all applicable) (Month/Day/Year)
- -------------------------------- entity (voluntary)
(Street) Director X 10% Owner 7. Individual or Joint/Group Filing (Check
-- -- Applicable Line)
George Grand Cayman Officer Other X Form filed by One Reporting Person
Town Cayman Islands BWI -- (give -- (specify --
- -------------------------------- title below) below) Form filed by More than One Reporting
(City) (State) (ZIP) see notes (1),(2),(3) -- Person
- ------------------------------------------------------------------------------------------------------------------------------------
Table I Non-Derivative Securities Benefically Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security (Instr. 4) 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Direct Beneficial Ownership
Beneficially (D) or Indirect (Instr. 5)
Owned (I) (Instr. 5)
(Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
[FN]
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
5(b)(v).
</FN>
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number.
(Over)
SEC 1473 (3-99)
<PAGE>
<TABLE>
<CAPTION>
FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts calls, warrants, options,
convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of
Security and Expiration Securities Underlying sion or ship Indirect
(Instr. 4) Date Derivative Security Exercise Form of Beneficial
(Month/Day/Year) (Instr. 4) Price of Deriv- Ownership
Derivative ative (Instr. 5)
Security Security:
----------------------------------------------------
Date Expira- Amount Direct
Exer- tion Title of (D) or
cisable Date Number Indirect
of (I)
Shares (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
Series A Convertible Preferred 7/20/99 None Common Stock, 3,000,000 $7.00 I see note (1)
Stock, $.01 par value $.01 par value and (3)
- ------------------------------------------------------------------------------------------------------------------------------------
Series A Convertible Preferred 7/20/99 None Common Stock, 11,285,714 $7.00 I see note (2)
Stock, $.01 par value $.01 par value and (3)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
(1) Held by an entity 99.5 % of the pecuniary interest of which is owned by an indirect wholly-owned subsidiary of Investcorp S.A..
Investcorp may be deemed to have an indirect pecuniary interest in the remaining 0.5% of the pecuniary interest in such entity
due to contingent fee or similar arrangements between an affiliate of Investcorp and the other shareholders of such entity or
their shareholders or principals. For purposes of Rule 16a-1(a)(2), Investcorp disclaims beneficial ownership of .5% of the
shares held by such entity, except to the extent, if any, that Investcorp's pecuniary interest in such shares is ultimately
realized.
(2) Held by an entity in which Investcorp may be deemed to have an indirect pecuniary interest due to contingent fee or similar
arrangements between an affiliate of Investcorp and the shareholders of such entity or their shareholders or principals. For
purposes of Rule 16a-1(a)(2), Investcorp disclaims beneficial ownership of the shares held by such entity, except to the
extent, if any, that Investcorp's pecuniary interest is ultimately realized.
(3) SIPCO Limited may be deemed to control Investcorp through its ownership of a majority of the stock of a company which
indirectly owns a majority of Investcorp's outstanding stock, and thereby to share beneficial ownership of shares with
Investcorp. For purposes of Rule 16a-1(a)(2), SIPCO Limited disclaims beneficial ownership of these shares.
/s/ Lawrence B. Kessler July 30, 1999
--------------------------------------- ------------------------
** Signature of Reporting Person Date
Lawrence B. Kessler, Director
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, See Instruction 6
for procedure.
Potential persons who are to respond to the collection of information contained in this form are notrequired to respond unless the
form displays a currently valid OMB Number.
</TABLE>
