4//SEC Filing
Schwartz H. Michael 4
Accession 0001462216-21-000005
CIK 0001585389other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 8:56 PM ET
Size
14.8 KB
Accession
0001462216-21-000005
Insider Transaction Report
Form 4
Schwartz H. Michael
DirectorChief Executive Officer
Transactions
- Other
Class A-1 Units
2021-12-09−1,435,683→ 8,150,546.71 total(indirect: See Footnote 9.)Exercise: $0.00→ Class A Common Stock (1,435,683 underlying)
Holdings
- 252,328.8(indirect: By Trust)
Long-Term Incentive Plan Units
Exercise: $0.00→ Class A Common Stock (252,328.8 underlying) - 168,219.3(indirect: By Trust)
Long-Term Incentive Plan Units
Exercise: $0.00→ Class A Common Stock (168,219.3 underlying) - 386,173(indirect: See Footnote 4.)
Class A Common Units
Exercise: $0.00→ Class A Common Stock (386,173 underlying) - 117,260.79(indirect: By Trust)
Class A Common Stock
- 483,224(indirect: See Footnote 1.)
Class A Common Stock
Footnotes (9)
- [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 Class A common units ("Class A Common Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Class A 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 386,100 Class A Common Units owned by SS Growth Advisor, LLC ("SS Growth Advisor") and 73 Class A Common Units owned by SS Toronto REIT Advisors, LLC ("SS Toronto REIT Advisors") previously reported as being owned by the Reporting Person. SS Growth Advisor and SS Toronto REIT Advisors are each indirectly owned and controlled by the Reporting Person.
- [F5]Represents long-term incentive plan units ("LTIP Units") of the Operating Partnership. Vested LTIP Units are convertible into Class A Common Units.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]On December 9, 2021, 1,435,683 Class A-1 Units were assigned from SOH to SmartStop Asset Management, LLC ("SAM") and were immediately thereafter assigned to SS Asset Management Holdings, LLC ("SSAMH"). SOH, SAM, and SSAMH are each owned and controlled by the Reporting Person. Simultaneously, on December 9, 2021, in a series of related transactions, SSAMH distributed 1,435,683 Class A-1 Units to various individuals in exchange for the complete redemption of equity interests in SSAMH.
Documents
Issuer
SmartStop Self Storage REIT, Inc.
CIK 0001585389
Entity typeother
Related Parties
1- filerCIK 0001462216
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 8:56 PM ET
- Size
- 14.8 KB