BURNS JOHN E 4
4 · SOVRAN SELF STORAGE INC · Filed Nov 8, 2010
Insider Transaction Report
Form 4
BURNS JOHN E
Director
Transactions
- Award
Common Stock unit
2010-11-05+968.79→ 7,533.81 totalExercise: $0.00From: 2010-11-05→ Common Stock (968.79 underlying)
Footnotes (2)
- [F1]The Units have no expiration date but will be converted into common stock and distributed at the earlier of the Director's election or within ten days of the cessation of the Director's service as a Director.
- [F2]Phantom shares of Common Stock ("Units") acquired in lieu of director's fees pursuant to the Sovran Self Storage, Inc. Deferred Compensation Plan for Directors. The number of Units was determined by dividing the amount of compensation otherwise payable by the closing price of the Company's Common Stock on November 4, 2010, $40.55.