SEC Form 4 · accession 0001628280-15-006340
National Storage Affiliates Trust · NSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arlen Dale Nordhagen
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 5, 2015
Accepted (ET)
Aug 7, 2015 · 6:28 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,F4,F2 | — | Aug 5, 2015 | P | 27,117 | A | — | — | Common shares of beneficial interest, $0.01 par value | 27,117 | 3,167,324 | I |
Explanation of responses
- F1Consists of 27,117 Class A common units of limited partner interest (the "Class A OP Units") of NSA OP, LP (the " Partnership") issuable upon the exchange of 27,117 Class X common units of limited partner interest (the "Class X Units") in certain DownREIT partnerships, which, five years after the date of the applicable DownREIT partnership agreement, are redeemable for cash or, at the Operating Partnership's option, exchangeable for Class A OP Units on a one-for-one basis, subject to certain adjustments. To the extent Class X Units are exchanged for Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest, or at the Issuer's option, common shares of beneficial interest on a one-for-one basis, subject to certain adjustments.
- F2N/A
- F3The Reporting Person's total direct and indirect beneficial ownership following the reported transaction above is 3,167,324 Class A OP Units, which includes those Class A OP Units reported on Form 3 on April 22, 2015 (the "Form 3") and the Class A OP Units reported herein (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified therein and herein). The 3,167,324 Class A OP Units does not include derivative securities of other classes of the Reporting Person that were reported on the Form 3.
- F4Consists of 27,117 Class X Units held by SecurCare BV Member, Ltd., for which the Reporting Person has or shares voting and investment power. 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.