4//SEC Filing
Schwartz H. Michael 4
Accession 0001462216-22-000001
CIK 0001585389other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 3:29 PM ET
Size
15.2 KB
Accession
0001462216-22-000001
Insider Transaction Report
Form 4
Schwartz H. Michael
DirectorChief Executive Officer
Transactions
- Award
Long-Term Incentive Plan Units
2022-02-02+108,118.36→ 360,447.16 total(indirect: By Trust)Exercise: $0.00→ Class A Common Stock (108,118.36 underlying) - Award
Long-Term Incentive Plan Units
2022-02-02+72,078.91→ 240,298.21 total(indirect: By Trust)Exercise: $0.00→ Class A Common Stock (72,078.91 underlying)
Holdings
- 483,224(indirect: See Footnote 1.)
Class A Common Stock
- 117,260.79(indirect: By Trust)
Class A Common Stock
- 386,173(indirect: See Footnote 4.)
Class A Common Units
Exercise: $0.00→ Class A Common Stock (386,173 underlying) - 8,150,546.71(indirect: See Footnote 9.)
Class A-1 Units
Exercise: $0.00→ Class A Common Stock (8,150,546.71 underlying)
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 108,118.36 LTIP Units issued to the Reporting Person pursuant to the Issuer's Employee and Director Long-Term Incentive Plan, which LTIP Units vest ratably over four years commencing on December 31, 2022, subject to the Reporting Person's continued employment or service through each vesting date.
- [F7]Represents 72,078.91 LTIP Units issued to the Reporting Person pursuant to the Issuer's Employee and Director Long-Term Incentive Plan, 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, the LTIP Units, as adjusted, will vest no later than March 31, 2025.
- [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]Represents 8,150,546.71 Class A-1 Units owned by SOH previously reported as being owned by the Reporting Person.
Documents
Issuer
SmartStop Self Storage REIT, Inc.
CIK 0001585389
Entity typeother
Related Parties
1- filerCIK 0001462216
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 3:29 PM ET
- Size
- 15.2 KB