4//SEC Filing
Meisinger Chad LeRoy 4
Accession 0001618563-20-000099
CIK 0001618563other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:29 PM ET
Size
12.7 KB
Accession
0001618563-20-000099
Insider Transaction Report
Form 4
Meisinger Chad LeRoy
Director
Transactions
- Conversion
LTIP Units
2020-05-24−7,773→ 11,276 total→ Class A OP Units (7,773 underlying) - Award
Class A OP Units
2020-05-22$25.74/sh+6,411$165,019→ 35,144 total→ Common shares of beneficial interest, $0.01 par value (6,411 underlying) - Conversion
Class A OP Units
2020-05-24+7,773→ 35,144 total→ Common shares of beneficial interest, $0.01 par value (7,773 underlying)
Footnotes (6)
- [F1]The 6,411 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 6,411 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 beneficial ownership following the reported transactions above is 35,144 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 4,865 vested LTIP Units and 6,411 unvested LTIP Units. The 35,144 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.
- [F6]Consists of 7,773 LTIP Units held by the Reporting Person which were converted into 7,773 Class A OP Units as described in footnote 1 above. The Reporting Person previously reported the 7,773 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, rows 2 and 3 of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 7,773 LTIP Units into 7,773 Class A OP Units.
Documents
Issuer
National Storage Affiliates Trust
CIK 0001618563
Entity typeother
Related Parties
1- filerCIK 0001639578
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:29 PM ET
- Size
- 12.7 KB