UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934





                              GENERAL FINANCE CORP.
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                                (Name of Issuer)


                    COMMON STOCK, $0.001 PAR VALUE PER SHARE
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                         (Title of Class of Securities)


                                    369822101
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                                 (CUSIP Number)


                                  June 5, 2007
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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
13G 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).





CUSIP No.    369822101
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(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of Above Persons
        (entities only):

                Jonathan Gallen
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(2)     Check the Appropriate Box if a Member of a Group (See Instructions)

                  (a)  ____                  (b)  ____
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(3)     SEC Use Only
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(4)     Citizenship or Place of Organization:  United States
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Number of Shares Beneficially Owned
   by Each Reporting Person With       (5) Sole Voting Power:          770,515*
                                           -------------------------------------
                                       (6) Shared Voting Power:              0
                                           -------------------------------------
                                       (7) Sole Dispositive Power:     770,515*
                                           -------------------------------------
                                       (8) Shared Dispositive Power:         0
                                           -------------------------------------
--------------------------------------------------------------------------------

(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:  770,515*
--------------------------------------------------------------------------------

(10)    Check if  the Aggregate Amount  in Row (9) Excludes Certain  Shares (See
        Instructions):    N/A
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(11)    Percent of Class Represented by Amount in Row (9):   7.3%*
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(12)    Type of Reporting Person (See Instructions):    IA, IN
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* As of June 5, 2007, Ahab Partners,  L.P.  ("Partners") and Ahab International,
Ltd.  ("International")  held in the aggregate  770,515  shares of common stock,
$0.001  par value per share  (the  "Shares"),  of  General  Finance  Corp.  (the
"Company").  Jonathan  Gallen  possesses  sole  power  to vote  and  direct  the
disposition of all securities of the Company held by Partners and International.
Accordingly, for the purposes of Rule 13d-3 under the Securities Exchange Act of
1934, as amended,  Mr. Gallen is deemed to beneficially  own 770,515 Shares,  or
7.3% of the Shares deemed issued and outstanding as of June 5, 2007.





Item 1(a).  Name Of Issuer:   GENERAL FINANCE CORP.

Item 1(b).  Address of Issuer's Principal Executive Offices:
            260 South Los Robles, Suite 217, Pasadena, CA 91101


Item 2(a).  Name of Person Filing:  Jonathan Gallen*

Item 2(b).  Address  of  Principal  Business  Office  or,  if  None,  Residence:
            299 Park Avenue, New York, New York 10171

Item 2(c).  Citizenship:  United States

Item 2(d).  Title of Class of Securities:  Common Stock, $0.001 par value per
            share

Item 2(e).  CUSIP No.:   369822101


Item 3.     If  This  Statement Is  Filed  Pursuant  to Sections 240.13d-1(b) or
            240.13d-2(b) or (c), check whether the Person Filing is a:

            Not applicable.


Item 4.     Ownership

            (a)  Amount Beneficially Owned (as of June 5, 2007):        770,515*

            (b)  Percent of Class (as of June 5, 2007):                 7.3%*

            (c)  Number of Shares as to which the person has:

                 (i)  sole power to vote or to direct the vote          770,515*

                (ii)  shared power to vote or to direct the vote              0

               (iii)  sole power to dispose or to direct the
                      disposition of                                    770,515*

                (iv)  shared power to dispose or to direct the
                      disposition of                                          0


---------------------------
* As of June 5, 2007, Ahab Partners,  L.P.  ("Partners") and Ahab International,
Ltd.  ("International")  held in the aggregate  770,515  shares of common stock,
$0.001  par value per share  (the  "Shares"),  of  General  Finance  Corp.  (the
"Company").  Jonathan  Gallen  possesses  sole  power  to vote  and  direct  the
disposition of all securities of the Company held by Partners and International.
Accordingly, for the purposes of Rule 13d-3 under the Securities Exchange Act of
1934, as amended,  Mr. Gallen is deemed to beneficially  own 770,515 Shares,  or
7.3% of the Shares deemed issued and outstanding as of June 5, 2007.





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

          Not Applicable.


Item 7.   Identification  and  Classification  of the Subsidiary  Which Acquired
          the  Security  Being Reported  on  by the  Parent  Holding  Company or
          Control Person

          Not Applicable.


Item 8.   Identification and Classification of Members of the Group

          Not Applicable.


Item 9.   Notice of Dissolution of Group

          Not Applicable.


Item 10.  Certification

          By  signing  below I  certify  that,  to the best of my knowledge  and
belief, the securities  referred to above 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.



                                    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.


                                      June 12, 2007


                                      /s/ Jonathan Gallen
                                      ------------------------------------------
                                      Jonathan Gallen,  in  his  capacity as the
                                      investment  manager  for   Ahab  Partners,
                                      L.P. and Ahab International, Ltd.



      Attention: Intentional misstatements or omissions of fact constitute
                Federal criminal violations (See 18 U.S.C. 1001)