SEC Form 4 · accession 0001104659-16-091199
IRON MOUNTAIN INC · IRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter C Rakowich
Director
Period of report
Jan 6, 2016
Accepted (ET)
Jan 25, 2016 · 4:22 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 | Jan 6, 2016 | M | 4,929 | — | A | 5,067 | D | |
| Common Stock, par value $.01 per shareF2 | Jan 6, 2016 | D | 0 | $27.12 | D | 5,067 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF3,F1,F5,F4 | — | Jan 6, 2016 | M | 4,929 | D | — | — | Common Stock | 4,929 | 9,156 | D |
Explanation of responses
- F1Pursuant to the Reporting Person's election to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan (the "Plan"), the shares of phantom stock ("Phantom Shares") are payable in shares of Iron Mountain Incorporated common stock on various dates selected by the Reporting Person or as otherwise provided in the Plan. Each Phantom Share is the economic equivalent of one (1) share of Iron Mountain Incorporated common stock.
- F2Represents the fraction of a share of Iron Mountain Incorporated common stock otherwise issuable to the Reporting Person for which cash was paid in lieu of the issuance of a fractional share, based on the closing price of Iron Mountain Incorporated common stock on the New York Stock Exchange on the transaction date.
- F3Settlement of the Phantom Shares is in an equivalent number of whole shares of Iron Mountain Incorporated common stock and cash in lieu of the issuance of a fractional share.
- F4Settlement of the Phantom Shares is made in accordance with distribution elections made by the Reporting Person or as otherwise provided in the Plan.
- F5Excludes 0.0001 Phantom Shares not owned by the Reporting Person but previously reported as a result of an administrative error just corrected by John Hancock Retirement Plan Services LLC, the record-keeper for the Plan.