SEC Form 4 · accession 0001210099-16-000034
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 19, 2016
Accepted (ET)
May 20, 2016 · 4:07 pm 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 19, 2016 | A | 466 | $0.00 | A | 115,054 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock unitF2,F1 | $0.00 | May 19, 2016 | A | 1,443 | A | May 19, 2016 | — | Common Stock | 1,443 | 20,070 | D |
Explanation of responses
- F1The 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.
- F2Phantom 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 17, 2016, $112.61.