SEC Form 4 · accession 0001104659-15-034309
National Storage Affiliates Trust · NSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven G Osgood
Director
Period of report
May 1, 2015
Accepted (ET)
May 5, 2015 · 4:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001618563
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A OP UnitsF1,F3,F5,F4 | — | May 1, 2015 | A | 80,140 | A | — | — | Common shares of beneficial interest, $0.01 par value | 80,140 | 80,140 | I |
| Class A OP UnitsF1,F2,F5,F4 | — | holding | — | — | — | — | — | Common shares of beneficial interest, $0.01 par value | 14,400 | 14,400 | D |
Explanation of responses
- F1One year after the date of the completion of the initial public offering of the Issuer, the Reporting Person will have the right to cause NSA OP, LP (the "Partnership") to redeem all or a portion of the Reporting Person's Class A common units of limited partner interest in the Partnership ("Class A OP Units") for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares, or at the Issuer's option, common shares on a one-for-one basis, subject to certain adjustments.
- F2The Class A OP Units in this row include 4,800 Class A OP Units issuable upon the conversion of 4,800 vested long-term incentive plan units in the Partnership ("LTIP units") and 9,600 Class A OP Units issuable upon conversion of 9,600 unvested LTIP units. The unvested LTIP units were granted to the Reporting Person under the Issuer's 2013 Long-Term Incentive Plan, and vest along a schedule at certain times prior to December 31, 2017. upon the achievement of certain performance goals, or upon the completion of the Issuer's initial public offering.
- F3Consists of the Reporting Person's pecuniary interest in Class A OP Units held by Square Foot Sunbelt LLC, for which the Reporting Person has or shares voting and investment power.
- F4N/a
- F5The Reporting Person's total direct and indirect beneficial ownership following the reported transaction above is 94,540 Class A OP Units, which includes 4,800 Class A OP Units issuable upon the conversion of 4,800 vested LTIP units and 9,600 Class A OP Units issuable upon conversion of 9,600 unvested LTIP units.