4//SEC Filing
National Storage Affiliates Trust 4
Accession 0001628280-16-017007
$NSACIK 0001618563operating
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 9:18 PM ET
Size
8.5 KB
Accession
0001628280-16-017007
Insider Transaction Report
Form 4
CHAPMAN GEORGE L
Director
Transactions
- Award
Class A OP Units
2016-06-03$20.74/sh+3,135$65,020→ 19,535 total(indirect: See Footnote)→ Common shares of beneficial interest, $0.01 par value (3,135 underlying)
Footnotes (6)
- [F1]The 3,135 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 3,135 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 24, 2017. 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 determiend using the closing price of the Issuer's Shares on May 26, 2016.
- [F5]Includes 16,400 Class A OP Units issuable upon the conversion of 11,200 vested LTIP Units and 5,200 unvested LTIP Units previously reported as beneficially owned directly, which are actually held indirectly by George L. Chapman, Irrevocable Trust, for the benefit of George L. Chapman. The Reporting Person is trustee and has or shares voting and investment power. The Reporting Person's total indirect beneficial ownership following the reported transaction above is 19,535 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). The 19,535 Class A OP Units do not include derivative securities of other classes or non-derivative securities of the Reporting Person that were previously reported.
- [F6]Consists of 3,135 Class A OP Units issuable upon the conversion of 3,135 LTIP Units held by George L. Chapman, Irrevocable Trust, for which the Reporting Person is trustee and has or shares voting and investment power. This filing shall not be deemed to be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.
Documents
Issuer
National Storage Affiliates Trust
CIK 0001618563
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001618563
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 9:18 PM ET
- Size
- 8.5 KB