SEC Form 4 · accession 0001618563-18-000002
National Storage Affiliates Trust · NSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Maxen Howard
Director · 10% Owner
Period of report
Jan 8, 2018
Accepted (ET)
Jan 10, 2018 · 9:13 pm EST
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,F2,F4,F3 | — | Jan 8, 2018 | P | 1,505 | A | — | — | Common shares of beneficial interest, $0.01 par value | 1,505 | 4,190,359 | I |
Explanation of responses
- F1Beginning after January 8, 2019, 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 (the "Class A OP Units") of the Partnership reported in this Form 4 for cash in an amount equal to the market value of an equivalent number of common shares of beneficial interest of National Storage Affiliates Trust (the "Issuer"), or at the Issuer's option, common shares of beneficial interest on a one-for-one basis, subject to certain adjustments.
- F2Consists of 1,505 Class A OP Units of the Partnership issued to Howard Family Limited Partnership II. The Reporting Person has or shares voting and investment power with respect to Howard Family Limited Partnership II. This 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.
- F3N/A
- F4The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the transactions reported in the table above is 4,190,359 Class A OP Units, which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified in such previous reports). The 4,190,359 Class A OP Units do not include derivative securities of other classes or non-derivative securities of the Reporting Person that were previously reported.