SEC Form 4 · accession 0001210099-15-000017
LIFE STORAGE, INC. · LSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles E Lannon
Director
Period of report
May 21, 2015
Accepted (ET)
May 26, 2015 · 11:44 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000944314
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 21, 2015 | A | 349 | $0.00 | A | 114,588 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director's stock option (right to buy)F2,F1 | $91.58 | May 21, 2015 | A | 2,000 | A | May 21, 2015 | May 21, 2025 | Common Stock | 2,000 | 2,000 | D |
| Common Stock unitF4,F3 | $0.00 | May 21, 2015 | A | 1,392 | A | May 21, 2015 | — | Common Stock | 1,392 | 18,626 | D |
Explanation of responses
- F1The exercise period of the stock options is the later of 10 years or one year following the date on which the outside director ceases to serve as a director of the Company.
- F2Stock options granted without costs in connection with service as an outside director.
- F3The Units have no expiration date but will be converted into common shares and distributed at the earlier of the Directors election or within ten days of the cessation of the Directors service as a Director.
- F4Phantom shares of common stock (Units) acquired in lieu of directors fees pursuant to the Sovran Self Storage, Inc. Deferred Compensation Plan for Directors. The number of Units was determined by dividing the amount of compensation otherwise payable by the closing price of the Companys Common Stock on May 20, 2015, $92.00.