4//SEC Filing
Schwartz H. Michael 4
Accession 0001462216-21-000002
CIK 0001585389other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 5:11 PM ET
Size
12.3 KB
Accession
0001462216-21-000002
Insider Transaction Report
Form 4
Schwartz H. Michael
DirectorChief Executive Officer
Transactions
- Other
Class A-1 Units
2021-06-28+9,586,229.71→ 9,586,229.71 total(indirect: See Footnote 7.)Exercise: $0.00→ Class A Common Stock (9,586,229.71 underlying)
Holdings
- 117,260.79
Class A Common Stock
- 252,328.8(indirect: By Trust)
Long-Term Incentive Plan Units
→ Class A Common Stock (252,328.8 underlying) - 483,224(indirect: See Footnote 1.)
Class A Common Stock
- 168,219.3(indirect: By Trust)
Long-Term Incentive Plan Units
→ Class A Common Stock (168,219.3 underlying)
Footnotes (7)
- [F1]Represents 100 shares of Class A Common Stock owned by SmartStop OP Holdings, LLC ("SOH") and 483,124 shares of Class A Common Stock owned by Strategic 1031, LLC ("Strategic 1031") previously reported as being owned by the Reporting Person. SOH and Strategic 1031 are each indirectly owned and controlled by the Reporting Person.
- [F2]Represents 117,260.79 shares of restricted stock previously reported as being owned by the Reporting Person.
- [F3]Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Vested LTIP Units are convertible into common units of the Operating Partnership ("Common Units"). Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
- [F4]Represents 252,328.8 LTIP Units previously reported as being owned by the Reporting Person. The LTIP Units vest ratably over a four-year period commencing on December 31 of the year of grant, subject to the Reporting Person's continued employment or service through each vesting date. 103,135.3 LTIP Units were granted on April 22, 2020, and 149,193.5 LTIP Units were granted on April 19, 2021.
- [F5]Represents 168,219.3 LTIP Units previously reported as being owned by the Reporting Person, which number is equal to 200% of the target number of LTIP Units to be issued upon vesting. The actual number of LTIP Units to be issued upon vesting can range from 0% to 100% of the number of LTIP Units reported, based on achievement of specified performance measures. Assuming the achievement of the specified performance measures, 68,756.9 LTIP Units, as adjusted, will vest no later than March 31, 2023, and 99,462.4 LTIP Units, as adjusted, will vest no later than March 31, 2024.
- [F6]Represents Class A-1 limited partnership units ("Class A-1 Units") of the Operating Partnership. Class A-1 Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
- [F7]Represents 9,586,229.71 Class A-1 Units owned by SOH. The Class A-1 Units were issued on June 28, 2019 subject to a lock-up period, which lock-up period expired on June 28, 2021.
Documents
Issuer
SmartStop Self Storage REIT, Inc.
CIK 0001585389
Entity typeother
Related Parties
1- filerCIK 0001462216
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 5:11 PM ET
- Size
- 12.3 KB