SOVRAN SELF STORAGE INC 4
4 · SOVRAN SELF STORAGE INC · Filed May 20, 2016
Insider Transaction Report
Form 4
LANNON CHARLES E
Director
Transactions
- Award
Common Stock
2016-05-19+466→ 115,054 total - Award
Common Stock unit
2016-05-19+1,443.05→ 20,069.52 totalExercise: $0.00From: 2016-05-19→ Common Stock (1,443.05 underlying)
Footnotes (2)
- [F1]The Units have no expiration date but will be converted into common shares and distributed at the earlier of the Directors election or within ten days of the cessation of the Directors service as a Director.
- [F2]Phantom shares of common stock (Units) acquired in lieu of directors 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 Companys Common Stock on May 17, 2016, $112.61.