4//SEC Filing
National Storage Affiliates Trust 4
Accession 0001618563-17-000075
$NSACIK 0001618563operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 4:34 PM ET
Size
9.6 KB
Accession
0001618563-17-000075
Insider Transaction Report
Form 4
Treadwell Steven B
Senior Vice President
Transactions
- Conversion
LTIP Units
2017-05-31−24,000→ 45,398 total→ Class A OP Units (24,000 underlying) - Conversion
Class A OP Units
2017-05-31+24,000→ 69,398 total→ Common shares of beneficial interest, $0.01 par value (24,000 underlying)
Footnotes (5)
- [F1]Pursuant to the agreement of limited partnership of NSA OP, LP (the "Partnership"), upon the achievement of certain conditions, a holder of long-term incentive plan units ("LTIP Units") of the Partnership is entitled to convert such LTIP Units into Class A common units of limited partner interest ("Class A OP Units") of the Partnership on a one-for-one basis. In addition, under the Partnership agreement, the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's resulting Class A OP Units for cash in an amount equal to the market value of an equivalent number of the common shares of beneficial interest ("Shares") of National Storage Affiliates Trust (the "Issuer"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
- [F2]Consists of 24,000 LTIP Units held by the Reporting Person which were converted into 24,000 Class A OP Units as described in footnote 1 above.
- [F3]N/A
- [F4]Following the reported transactions, the Reporting Person has total direct beneficial ownership in 5,887 vested LTIP Units and 39,511 unvested LTIP Units. The Reporting Person previously reported the 24,000 LTIP Units that were converted into Class A OP Units as described in this Form 4 as Class A OP Units on an as-converted basis. Accordingly, this Form 4 is being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 24,000 LTIP Units into 24,000 Class A OP Units.
- [F5]The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above is 69,398 Class A OP Units which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified therein).
Documents
Issuer
National Storage Affiliates Trust
CIK 0001618563
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001618563
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 4:34 PM ET
- Size
- 9.6 KB