4//SEC Filing
Schwartz H. Michael 4
Accession 0001462216-22-000003
CIK 0001585389other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 11:15 AM ET
Size
16.0 KB
Accession
0001462216-22-000003
Insider Transaction Report
Form 4
Schwartz H. Michael
DirectorChief Executive Officer
Transactions
- Award
Class A Common Units
2022-06-01+116.45→ 116.45 totalExercise: $0.00→ Class A Common Stock (116.45 underlying)
Holdings
- 386,173(indirect: See Footnote 5.)
Class A Common Units
Exercise: $0.00→ Class A Common Stock (386,173 underlying) - 360,447.16(indirect: By Trust)
Long-Term Incentive Plan Units
Exercise: $0.00→ Class A Common Stock (360,447.16 underlying) - 8,496,347.71(indirect: See Footnote 10.)
Class A-1 Units
Exercise: $0.00→ Class A Common Stock (8,496,347.71 underlying) - 240,298.21(indirect: By Trust)
Long-Term Incentive Plan Units
Exercise: $0.00→ Class A Common Stock (240,298.21 underlying) - 483,224(indirect: See Footnote 1.)
Class A Common Stock
- 117,260.79(indirect: By Trust)
Class A Common Stock
Footnotes (10)
- [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.
- [F10]Represents 8,496,347.71 Class A-1 Units owned by SOH previously reported as being owned 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]On June 1, 2022, the Issuer, SSGT II Merger Sub, LLC ("SSGT II Merger Sub"), and Strategic Storage Growth Trust II, Inc. ("SSGT II") entered into an agreement and plan of merger (the "SSGT II Merger Agreement") whereby SSGT II merged with and into SSGT II Merger Sub (the "SSGT II Merger"). In connection with the SSGT II Merger, the Reporting Person contributed 116.45 units of partnership interest in SS Growth Operating Partnership II, L.P., SSGT II's operating partnership, to the Operating Partnership in exchange for 116.45 Class A Common Units.
- [F5]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.
- [F6]Represents long-term incentive plan units ("LTIP Units") of the Operating Partnership. Vested LTIP Units are convertible into Class A Common Units.
- [F7]Represents 360,447.16 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.
- [F8]Represents 240,298.21 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.
- [F9]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.
Documents
Issuer
SmartStop Self Storage REIT, Inc.
CIK 0001585389
Entity typeother
Related Parties
1- filerCIK 0001462216
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 11:15 AM ET
- Size
- 16.0 KB