UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
GENERAL FINANCE CORP.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
369822101
(CUSIP Number)
JUNE 29, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| 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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CUSIP No. 369822101 13G Page 2 of 6 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
NEIL GAGNON
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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
UNITED STATES OF AMERICA
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NUMBER OF 5. SOLE VOTING POWER 171,685
SHARES ------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 57,585
OWNED BY ------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 163,870
REPORTING ------------------------------------------------------------
PERSON WITH: 8. SHARED DISPOSTIVE POWER 362,380
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 526,250
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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) 5.01%
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12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN
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CUSIP No. 369822101 13G Page 3 of 6 Pages
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ITEM 1.
(a) Name of Issuer: GENERAL FINANCE CORP.
(b) Address of Issuer's Principal Executive Offices: 260 SOUTH LOS ROBLES
SUITE 217
PASADENA, CA 91101
ITEM 2.
(a) Name of Person Filing: NEIL GAGNON
(b) Address of Principal Business Office 1370 AVE. OF THE AMERICAS,
or, if none, Residence: SUITE 2400
NEW YORK, NY 10019
(c) Citizenship: US
(d) Title of Class of Securities: COMMON STOCK, PAR VALUE $0.0001
PER SHARE
(e) CUSIP Number: 26150J101
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) [ ] 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).
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CUSIP No. 369822101 13G Page 4 of 6 Pages
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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: As of July 3, 2007, Neil Gagnon
beneficially owned 526,250 shares of
Common Stock of General Finance Corp.,
which amount includes (i) 59,650 shares
beneficially owned by Mr. Gagnon over
which he has sole voting power and sole
dispositive power; (ii) 6,895 shares
beneficially owned by Mr. Gagnon over
which he has sole voting power and
shared dispositive power; (iii) 33,785
shares beneficially owned by Lois
Gagnon, Mr. Gagnon's wife, over which he
has shared voting power and shared
dispositive power; (iv) 1,850 shares
beneficially owed by Mr. Gagnon and Mrs.
Gagnon as Joint Tenants with Rights of
Survivorship, over which he has shared
voting power and shared dispositive
power; (v) 8,625 shares held by the Lois
E. and Neil E. Gagnon Foundation (the
"Foundation"), of which Mr. Gagnon is a
trustee and over which he has shared
voting power and shared dispositive
power; (vi) 13,325 shares held by the
Gagnon Family Limited Partnership (the
"Partnership") of which Mr. Gagnon is a
partner and over which he has shared
voting power and shared dispositive
power; (vii) 11,205 shares held by the
Gagnon Grandchildren Trust (the "Trust")
over which Mr. Gagnon has shared
dispositive power but no voting power;
(viii) 103,305 shares held by four hedge
funds (collectively, the "Funds"), of
which Mr. Gagnon is either the principal
executive officer of the manager or the
managing member of a member of the
general partner or the managing member
and over which he has sole dispositive
power and sole voting power; (ix) 915
shares held by the Gagnon Securities LLC
Profit Sharing Plan and Trust (the
"Plan") of which Mr. Gagnon is a Trustee
and over which Mr. Gagnon has sole
voting power and sole dispositive power;
(x) 920 shares held by the Plan over
which Mr. Gagnon has sole voting power
and shared dispositive power; and (xi)
285,775 shares held for certain
customers of Gagnon Securities LLC, of
which Mr. Gagnon is the managing member
and the principal owner and over which
he has shared dispositive power but no
voting power.
(b) Percent of class: 5.01% beneficially owned by Mr. Gagnon.
Calculation of percentage of beneficial
ownership is based on 10,500,000 shares
of Common Stock as reported by the
Issuer.
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CUSIP No. 369822101 13G Page 5 of 6 Pages
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 171,685
(ii) Shared power to vote or to direct the vote: 57,585
(iii) Sole power to dispose or to direct the disposition of: 163,870
(iv) Shared power to dispose or to direct the disposition of: 362,380
ITEM 5-9 Not Applicable
Filing of this statement by Mr. Gagnon shall not be deemed an admission that he
beneficially owns the securities reported herein as held in customer accounts at
Gagnon Securities LLC or by the Foundation, the Partnership, the Trust, the
Funds or the Plan. Mr. Gagnon expressly disclaims beneficial ownership of all
securities held in such customer accounts or by the Foundation, the Partnership,
the Trust, the Funds or Plan. 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.
ITEM 10. CERTIFICATION
The following certification shall be included if the statement is filed
pursuant to ss.240.13d-1(b):
(a) By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and 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]
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CUSIP No. 369822101 13G Page 6 of 6 Pages
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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.
July 3, 2007
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Date
/s/ Neil Gagnon
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Signature
Neil Gagnon
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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)