SEC Form 4 · accession 0001618563-17-000046
National Storage Affiliates Trust · NSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Van Mourick
Director
Period of report
Mar 3, 2017
Accepted (ET)
Mar 16, 2017 · 7:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001618563
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common shares of beneficial interest, $0.01 par valueF1,F2,F3 | Mar 3, 2017 | C | 21,750 | $0.00 | A | 21,750 | I | See Footnote |
| Common shares of beneficial interest, $0.01 par valueF4,F5,F2,F3,F1 | Mar 14, 2017 | S | 10,000 | $22.94 | D | 11,750 | I | See Footnote |
| Common shares of beneficial interest, $0.01 par valueF4,F6,F2,F3,F1 | Mar 15, 2017 | S | 11,750 | $23.05 | D | 0 | I | See Footnote |
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,F2,F3,F7 | — | Mar 3, 2017 | C | 21,750 | D | — | — | Common shares of beneficial interest, $0.01 par value | 21,750 | 107,275 | I |
Explanation of responses
- F1The Reporting Person redeemed 21,750 Class A common units of limited partner interest (the "Class A OP Units") of NSA OP, LP (the "Partnership"), of which National Storage Affiliates Trust (the "Issuer") is the general parter. These Class A OP Units were held by The Tricia Van Mourick Separate Property Trust U/A dated 03/29/2012, which received 21,750 common shares of beneficial interest ("Shares") of the Issuer upon redemption. The Shares are held in a trust for the benefit of the Reporting Person's spouse and children. The Reporting Person's spouse is trustee of the trust.
- F2This filing shall not be deemed to be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.
- F3The Reporting Person's total direct and indirect beneficial ownership following the reported transactions above is (i) 0 Shares, and (ii) 107,275 Class A OP Units (which includes those securities convertible into, or exchangeable for, such Class A OP Units as previously reported). As of November 21, 2016, in connection with a corporate reorganization, the Reporting Person was no longer a controlling person and did not have or share voting or investment power over the portfolio of Optivest Properties, LLC ("Optivest"). Accordingly, the Reporting Person no longer has any direct or indirect beneficial ownership in any Shares of the Issuer. The 107,275 Class A OP Units referred to above do not include derivative securities of other classes or non-derivative securities of the Reporting Person that were previously reported.
- F4Represents Shares of the Issuer sold in the open market.
- F5The price reported in Column 4 is a weighted average price. These Shares of the Issuer were sold in multiple transactions ranging from $22.83 to $23.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares of the Issuer sold at each separate price within the ranges set forth in footnotes (5) and (6) to this Form 4.
- F6The price reported in Column 4 is a weighted average price. These Shares of the Issuer were sold in multiple transactions at prices ranging from $23.04 to $23.07, inclusive.
- F7N/A