SEC Form 4 · accession 0001020569-18-000020
IRON MOUNTAIN INC · IRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest W Cloutier
Officer — EVP & Gen. Mgr, Int'l
Period of report
Feb 16, 2018
Accepted (ET)
Feb 22, 2018 · 5:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001020569
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per shareF1 | Feb 20, 2018 | M | 5,871 | $0.00 | A | 50,141 | D | |
| Common Stock, par value $.01 per share | Feb 20, 2018 | F | 1,728 | $32.12 | D | 48,413 | D | |
| Common Stock, par value $.01 per shareF2 | Feb 20, 2018 | M | 1,807 | $0.00 | A | 50,220 | D | |
| Common Stock, par value $.01 per share | Feb 20, 2018 | F | 532 | $32.12 | D | 49,688 | D | |
| Common Stock, par value $.01 per shareF3 | Feb 20, 2018 | M | 2,389 | $0.00 | A | 52,077 | D | |
| Common Stock, par value $.01 per share | Feb 20, 2018 | F | 703 | $32.12 | D | 51,374 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF4,F6 | $0.00 | Feb 16, 2018 | A | 5,871 | A | — | — | Common Stock | 5,871 | 5,871 | D |
| Performance UnitsF4,F6 | — | Feb 20, 2018 | M | 5,871 | D | — | — | Common Stock | 5,871 | 0 | D |
| Restricted Stock UnitsF7,F8 | $0.00 | Feb 20, 2018 | M | 1,807 | D | — | — | Common Stock | 1,807 | 0 | D |
| Restricted Stock UnitsF7,F9 | — | Feb 20, 2018 | M | 2,389 | D | — | — | Common Stock | 2,389 | 2,397 | D |
Explanation of responses
- F1This transaction is being reported to reflect the full vesting of performance units ("PUs") initially granted to the Reporting Person on February 19, 2015. Effective February 16, 2018, the Compensation Committee of Iron Mountain Incorporated's Board of Directors (the "Compensation Committee") determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs vested on February 20, 2018.
- F2This acquisition is reported to reflect the partial vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on February 19, 2015.
- F3This acquisition is reported to reflect the partial vesting of RSUs previously granted to the Reporting Person on February 18, 2016.
- F4Each PU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").
- F5The PUs were initially granted to the Reporting Person on February 19, 2015, and effective February 16, 2018 the Compensation Committee determined the actual award of PUs under the grant after completion of the relevant performance period.
- F6The PUs were initially granted to the Reporting Person on February 19, 2015 and fully vested on February 20, 2018.
- F7Each RSU represents a contingent right to receive one share of Common Stock.
- F8The RSUs, representing a contingent right to receive a total of 5,408 shares of Common Stock, were granted to the Reporting Person on February 19, 2015 and have vested in full.
- F9The RSUs, representing a contingent right to receive a total of 7,174 shares of Common Stock, were granted to the Reporting Person on February 18, 2016 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.