SEC Form 4 · accession 0001179110-15-011795
Extra Space Storage Inc. · EXR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph D Margolis
Officer — Chief Investment Officer
Period of report
Aug 1, 2015
Accepted (ET)
Aug 5, 2015 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001289490
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 1, 2015 | A | 65,441 | $0.00 | A | 91,350 | D | |
| Common Stock | Aug 3, 2015 | S | 5,000 | $73.50 | D | 86,350 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $73.52 | Aug 1, 2015 | A | 50,000 | A | — | Aug 1, 2025 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Restricted stock awards granted in connection with Mr. Margolis appointment as Executive VP and CIO on July 7, 2015. The awards vest annually over four years, beginning on the first anniversary of the grant date. The closing price of the issuer's stock was $73.52 on July 31, 2015.
- F2Options granted in connection with Mr. Margolis' appointment as Executive VP and CIO on July 7, 2015. The options vest annually over four years, beginning on the first anniversary of the grant date. The price was determined based on the closing price of the issuer's stock on July 31, 2015.