4//SEC Filing
Van Mourick Mark 4
Accession 0001618563-20-000096
CIK 0001618563other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:27 PM ET
Size
7.5 KB
Accession
0001618563-20-000096
Insider Transaction Report
Form 4
Van Mourick Mark
Director
Transactions
- Award
Class A OP Units
2020-05-22$25.74/sh+5,002$128,751→ 102,060 total→ Common shares of beneficial interest, $0.01 par value (5,002 underlying)
Footnotes (5)
- [F1]The 5,002 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 5,002 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2015 Equity Incentive Plan, and are scheduled to vest on May 18, 2021. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.
- [F2]Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
- [F3]N/A
- [F4]The price of the derivative securities was determined using the closing price of the Issuer's Shares on May 19, 2020.
- [F5]The Reporting Person's total direct and indirect beneficial ownership following the reported transactions above is 102,060 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 herein and therein). Following the reported transactions, the Reporting Person has total direct beneficial ownership in 2,684 vested LTIP Units and 5,002 unvested LTIP Units.The 102,060 Class A OP Units do not include non-derivative securities or derivative securities of other classes that were previously reported by the Reporting Person.
Documents
Issuer
National Storage Affiliates Trust
CIK 0001618563
Entity typeother
Related Parties
1- filerCIK 0001639296
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:27 PM ET
- Size
- 7.5 KB