SEC Form 4 · accession 0001104659-16-116725
IRON MOUNTAIN INC · IRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest W Cloutier
Officer — EVP, Gen. Counsel, Secretary
Period of report
Apr 28, 2016
Accepted (ET)
May 2, 2016 · 5:01 pm EDT
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 | Apr 28, 2016 | M | 13,712 | $14.585 | A | 50,156 | D | |
| Common Stock, par value $.01 per shareF1 | Apr 28, 2016 | F | 5,534 | $36.135 | D | 44,622 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $14.585 | Apr 28, 2016 | M | 13,712 | D | — | Mar 5, 2019 | Common Stock | 13,712 | 23,241 | D |
Explanation of responses
- F1This transaction is reported to reflect the exercise of a stock option for a total of 13,712 shares of Iron Mountain common stock ("Common Stock") by means of a stock swap whereby the Reporting Person disposed of 5,534 shares of Common Stock to the Issuer as consideration for the Reporting Person's exercise of stock options to purchase 13,712 shares of Common Stock. The stock swap was completed pursuant to the terms of the Reporting Person's Iron Mountain Incorporated 2002 Stock Incentive Plan Stock Option Agreement.
- F2This stock option, representing a right to purchase a total of 36,953 shares, is fully vested. The number of stock options granted includes previously reported adjustments effective on September 26, 2014 made in connection with the special distribution declared by the Board of Directors of the Issuer on September 15, 2014 and paid on November 4, 2014.