UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Amendment No. 2)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
GENERAL FINANCE CORP.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
369822101
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(CUSIP Number)
MARCH 15, 2010
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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.
SEC 1745 (12-02)
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1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
GAGNON SECURITIES LLC
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2.
CHECK THE APPROPRIATE BOX IF A GROUP* (a)
(b) |X|
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3. SEC USE ONLY
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4.
CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE LIMITED LIABILITY COMPANY
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NUMBER OF 5.
SHARES SOLE VOTING POWER 0
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BENEFICIALLY 6.
OWNED BY SHARED VOTING POWER 1,910,564
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EACH 7.
REPORTING SOLE DISPOSITIVE POWER 0
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PERSON WITH: 8.
SHARED DISPOSTIVE POWER 1,910,564
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9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,910,564
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10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.7 %
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12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA
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13.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
NEIL GAGNON
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14.
CHECK THE APPROPRIATE BOX IF A GROUP* (a)
(b) |X|
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15. SEC USE ONLY
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16.
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 17. 1,761,322
SHARES SOLE VOTING POWER
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BENEFICIALLY 18. 2,821,931
OWNED BY SHARED VOTING POWER
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EACH 19.
REPORTING SOLE DISPOSITIVE POWER 1,761,322
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PERSON WITH: 20.
SHARED DISPOSTIVE POWER 2,901,669
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21.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,662,991
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22.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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23.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 26.2 %
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24.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN
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ITEM 1.
(a) Name of Issuer: General Finance Corp.
260 South Los Robles
Suite 217
(b) Address of Issuer's Principal Executive Offices: Pasadena, CA 91101
Item 2. This Schedule 13G/A is being filed by Gagnon
Securities LLC and Neil Gagnon (together, the
"Reporting Persons"). Gagnon Securities LLC is an
investment adviser registered under Section 203 of
the Investment Advisers Act of 1940 and furnishes
investment advice to several customer accounts,
foundations, partnerships, trusts, and private
investment funds (collectively, the "Funds"). Mr.
Gagnon is the managing member and the principal
owner of Gagnon Securities LLC. In its role as
investment manager to the Funds, Gagnon Securities
LLC shares investment and/or voting power with Mr.
Gagnon over certain securities of the Issuer
described in this schedule that are owned by the
Funds. Additionally, Mr. Gagnon beneficially owns
certain securities over which he has sole voting
(a) Name of Person Filing: power and sole dispositive power, certain
securities over which he shares voting power and
dispositive power with certain persons, and
certain securities over which he shares
dispositive power with certain persons but has no
voting power. The Reporting Persons expressly
disclaim beneficial ownership of all securities
held in the Funds' accounts. No single client's
interest as reported in the customer accounts at
Gagnon Securities LLC exceeds 5% of the
outstanding Common Stock of the Issuer. In
addition, the filing of this Schedule 13G/A shall
not be construed as an admission that the
Reporting Persons or any of their affiliates are
beneficial owners of any securities covered by
this Schedule 13G/A for any other purposes than
Section 13(d) of the Securities Exchange Act of
1934.
(b) Address of Principal Business Office or, if none, Residence:
1370 Ave. of the Americas,
Suite 2400 New York, NY 10019
GAGNON SECURITIES LLC: Delaware Limited Liability Company
(c) Citizenship: NEIL GAGNON: USA
(d) Title of Class of Securities: Common Stock, par value $0.0001 per share
(e) CUSIP Number: 369822101
ITEM 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [X] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
ss. 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: GAGNON SECURITIES LLC: 1,910,564
NEIL GAGNON: 4,662,991
(b) Percent of class: GAGNON SECURITIES LLC: 10.7%
NEIL GAGNON: 26.2%
Calculation of percentage of beneficial ownership
is based on 17,826,052 outstanding shares of
Issuer Common Stock outstanding as set forth on
the Issuer's most recent 10-Q filed on February
12, 2010.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: GAGNON SECURITIES LLC: 0
NEIL GAGNON: 1,761,322
(ii) Shared power to vote or to direct the vote: GAGNON SECURITIES LLC: 1,910,564
NEIL GAGNON: 2,821,931
(iii) Sole power to dispose or to direct the GAGNON SECURITIES LLC: 0
disposition of: NEIL GAGNON: 1,761,322
(iv) Shared power to dispose or to direct the GAGNON SECURITIES LLC: 1,910,564
disposition of: NEIL GAGNON: 2,901,669
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
The Funds described above in Note 1 have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of,
securities held in their respective accounts. To the knowledge of the Reporting
Persons, no interest in any such Fund exceeds 5% of the class of securities. The
Reporting Persons disclaim beneficial ownership of all such securities.
ITEMS 7 - 9 Not Applicable
ITEM 10. CERTIFICATION
The following certification shall be included if the
statement is filed pursuant to ss.240.13d-1(b): By signing
below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and
(a) are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction
having that purpose or effect. [X]
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
April 8, 2010
Date
GAGNON SECURITIES LLC
/s/ Neil Gagnon
Signature
Neil Gagnon
Name/Title
April 8, 2010
Date
/s/ Neil Gagnon
Signature
Neil Gagnon
Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. SEE ss.240.13d-7 for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)