4//SEC Filing
Warren J. Timothy 4
Accession 0001618563-20-000101
CIK 0001618563other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:29 PM ET
Size
8.0 KB
Accession
0001618563-20-000101
Insider Transaction Report
Form 4
Warren J. Timothy
Director
Transactions
- Award
Class A OP Units
2020-05-22$25.74/sh+6,119$157,503→ 1,846,246 total(indirect: See Footnote)→ Common shares of beneficial interest, $0.01 par value (6,119 underlying)
Footnotes (5)
- [F1]The 6,119 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 6,119 long-term incentive plan units ("LTIP Units") in the Partnership held by J. Timothy Warren Revocable Living Trust for the benefit of the Reporting Person. The Reporting Person is trustee and has or shares voting and investment power. 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 1,846,246 Class A OP Units, which includes those Class A OP Units previously reported on Form 3 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 and indirect beneficial ownership in 4,613 vested LTIP units and 6,119 unvested LTIP Units. The 1,846,246 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 0001777515
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:29 PM ET
- Size
- 8.0 KB