Sec Form 4 Filing - Engaged Capital LLC @ RENT A CENTER INC DE - 2017-03-21

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Engaged Capital LLC
2. Issuer Name and Ticker or Trading Symbol
RENT A CENTER INC DE [ RCII]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
610 NEWPORT CENTER DRIVE, SUITE 250
3. Date of Earliest Transaction (MM/DD/YY)
03/21/2017
(Street)
NEWPORT BEACH, CA92660
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 03/21/2017 P 20,804 A $ 8.5531 1,715,719 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/21/2017 P 683,100 A $ 8.6133 2,398,819 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/21/2017 P 195,000 A $ 8.6125 2,593,819 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/22/2017 P 512,697 A $ 8.6298 3,106,516 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/22/2017 P 4,700 A $ 8.6434 3,111,216 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/22/2017 P 45,932 A $ 8.5433 3,157,148 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/23/2017 P 45,000 A $ 8.8196 3,202,148 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/23/2017 P 50,000 A $ 8.8478 3,252,148 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/23/2017 P 30,000 A $ 8.855 3,282,148 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/23/2017 P 33,000 A $ 8.821 3,315,148 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/23/2017 P 35,000 A $ 8.8859 3,350,148 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 03/23/2017 P 40,000 A $ 8.8176 3,390,148 I By: Engaged Capital Co-Invest V-A, LP ( 4 )
Common Stock ( 1 ) 2,519,969 I By: Engaged Capital Flagship Master Fund, LP ( 2 )
Common Stock ( 1 ) 2,703,611 I By: Engaged Capital Co-Invest V, LP ( 3 )
Common Stock ( 1 ) 369,881 I By: Managed Account of Engaged Capital, LLC ( 5 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Engaged Capital LLC
610 NEWPORT CENTER DRIVE
SUITE 250
NEWPORT BEACH, CA92660
X
Engaged Capital Holdings, LLC
610 NEWPORT CENTER DRIVE
SUITE 250
NEWPORT BEACH, CA92660
X
Welling Glenn W.
610 NEWPORT CENTER DRIVE
SUITE 250
NEWPORT BEACH, CA92660
X
Engaged Capital Flagship Master Fund, LP
CRICKET SQUARE, HUTCHINS DRIVE
P.O. BOX 2681
GRAND CAYMAN, E9KY1-1111
See Footnote 1
Engaged Capital Co-Invest V, LP
610 NEWPORT CENTER DRIVE
SUITE 250
NEWPORT BEACH, CA92660
See Footnote 1
Engaged Capital Co-Invest V-A, LP
610 NEWPORT CENTER DRIVE
SUITE 250
NEWPORT BEACH, CA92660
See Footn ote 1
Engaged Capital Flagship Fund, L.P.
610 NEWPORT CENTER DRIVE
SUITE 250
NEWPORT BEACH, CA90272
See Footnote 1
Engaged Capital Flagship Fund, Ltd.
610 NEWPORT CENTER DRIVE
SUITE 250
NEWPORT BEACH, CA92660
See Footnote 1
Signatures
Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory 03/23/2017
Signature of Reporting Person Date
Engaged Capital Holdings, LLC; By: /s/ Glenn W. Welling, Authorized Signatory 03/23/2017
Signature of Reporting Person Date
/s/ Glenn W. Welling 03/23/2017
Signature of Reporting Person Date
Engaged Capital Flagship Master Fund, LP; By: Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory 03/23/2017
Signature of Reporting Person Date
Engaged Capital Co-Invest V, LP; By: Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory 03/23/2017
Signature of Reporting Person Date
Engaged Capital Co-Invest V-A, LP; By: Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory 03/23/2017
Signature of Reporting Person Date
Engaged Capital Flagship Fund, LP; By: Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory 03/23/2017
Signature of Reporting Person Date
Engaged Capital Flagship Fund, Ltd.; By: /s/ Glenn W. Welling, Director 03/23/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is filed jointly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"), Engaged Capital Co-Invest V, LP ("Engaged Capital Co-Invest V"), Engaged Capital Co-Invest V-A, LP ("Engaged Capital Co-Invest V-A"), Engaged Capital Flagship Fund, LP ("Engaged Capital Fund"), Engaged Capital Flagship Fund, Ltd. ("Engaged Capital Offshore"), Engaged Capital, LLC ("Engaged Capital"), Engaged Capital Holdings, LLC ("Engaged Holdings") and Glenn W. Welling (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
( 2 )Securities owned directly by Engaged Capital Flagship Master. As feeder funds of Engaged Capital Flagship Master, each of Engaged Capital Fund and Engaged Capital Offshore may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. As the general partner and investment adviser of Engaged Capital Flagship Master, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master.
( 3 )Securities owned directly by Engaged Capital Co-Invest V. As the general partner and investment adviser of Engaged Capital Co-Invest V, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest V. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest V. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest V.
( 4 )Securities owned directly by Engaged Capital Co-Invest V-A. As the general partner and investment adviser of Engaged Capital Co-Invest V-A, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest V-A. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest V-A. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest V-A.
( 5 )Securities held in an account separately managed by Engaged Capital (the "Engaged Capital Account"). Engaged Capital, as the investment adviser of the Engaged Capital Account, may be deemed to beneficially own the securities held in the Engaged Capital Account. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities held in the Engaged Capital Account. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities held in the Engaged Capital Account.

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