SEC Form 4 · accession 0001020569-19-000088
IRON MOUNTAIN INC · IRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore MacLean
Officer — EVP, Adjacent Businesses
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 7:09 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 19, 2019 | M | 2,054 | $0.00 | A | 14,419 | D | |
| Common Stock, par value $.01 per share | Feb 19, 2019 | F | 603 | $35.39 | D | 13,816 | D | |
| Common Stock, par value $.01 per shareF2 | Feb 19, 2019 | M | 1,620 | $0.00 | A | 15,436 | D | |
| Common Stock, par value $.01 per share | Feb 19, 2019 | F | 476 | $35.39 | D | 14,960 | D | |
| Common Stock, par value $.01 per shareF3 | Feb 19, 2019 | M | 9,473 | $0.00 | A | 24,433 | D | |
| Common Stock, par value $.01 per share | Feb 19, 2019 | F | 2,797 | $35.39 | D | 21,636 | D | |
| Common Stock, par value $.01 per shareF4 | Feb 19, 2019 | S | 395 | $35.18 | D | 21,241 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Feb 19, 2019 | M | 2,054 | D | — | — | Common Stock | 2,054 | 0 | D |
| Restricted Stock UnitsF5,F7 | — | Feb 19, 2019 | M | 1,620 | D | — | — | Common Stock | 1,620 | 1,625 | D |
| Performance UnitsF8,F9 | — | Feb 19, 2019 | M | 9,473 | D | — | — | Common Stock | 9,473 | 0 | D |
Explanation of responses
- F1This acquisition is reported to reflect the partial vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on February 18, 2016.
- F2This acquisition is reported to reflect the partial vesting of RSUs previously granted to the Reporting Person on February 16, 2017.
- F3This acquisition is reported to reflect the full vesting of performance units ("PUs") previously granted to the Reporting Person on February 18, 2016. Effective February 14, 2019, 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 in full on February 18, 2019.
- F4This transaction was effected pursuant to a 10b5-1 trading plan which was approved and became effective as of December 21, 2018.
- F5Each RSU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").
- F6The RSUs, representing a contingent right to receive a total of 6,149 shares of Common Stock, were granted to the Reporting Person on February 18, 2016 and have vested in full.
- F7The RSUs, representing a contingent right to receive a total of 4,864 shares of Common Stock, were granted to the Reporting Person on February 16, 2017 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.
- F8Each PU represents a contingent right to receive one share of Common Stock.
- F9The PUs were initially granted to the Reporting Person on February 18, 2016. Effective February 14, 2019, the Compensation Committee determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs vested in full on February 18, 2019.