0001628280-24-023551.txt : 20240515
0001628280-24-023551.hdr.sgml : 20240515
20240515161128
ACCESSION NUMBER: 0001628280-24-023551
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240513
FILED AS OF DATE: 20240515
DATE AS OF CHANGE: 20240515
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCHALL MICHAEL J
CENTRAL INDEX KEY: 0001198212
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37351
FILM NUMBER: 24950764
MAIL ADDRESS:
STREET 1: C/O ESSEX PROPERTY TRUST
STREET 2: 1100 PARK PLACE, SUITE 200
CITY: SAN MATEO
STATE: CA
ZIP: 94403
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: National Storage Affiliates Trust
CENTRAL INDEX KEY: 0001618563
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 465053858
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 8400 E. PRENTICE AVENUE
STREET 2: 9TH FLOOR
CITY: GREENWOOD VILLAGE
STATE: CO
ZIP: 80111
BUSINESS PHONE: 720-630-2600
MAIL ADDRESS:
STREET 1: 8400 E. PRENTICE AVENUE
STREET 2: 9TH FLOOR
CITY: GREENWOOD VILLAGE
STATE: CO
ZIP: 80111
4
1
wk-form4_1715803869.xml
FORM 4
X0508
4
2024-05-13
0
0001618563
National Storage Affiliates Trust
NSA
0001198212
SCHALL MICHAEL J
8400 EAST PRENTICE AVENUE 9TH FLOOR
GREENWOOD VILLAGE
CO
80111
1
0
0
0
0
Class A OP Units
2024-05-13
4
A
0
1359
36.81
A
Common shares of beneficial interest, $0.01 par value
1359
1359
D
The 1,359 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 1,359 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on May 13, 2026, subject to the Reporting Person remaining a trustee at that time. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.
Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem 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 ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
N/A
The price of the derivative securities was determined using the closing price of the Issuer's Shares on May 13, 2024.
The Reporting Person's total direct beneficial ownership following the reported transactions above is 1,359 Class A OP Units (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified herein). Following the reported transactions, the Reporting Person has total direct beneficial ownership in 1,359 unvested LTIP Units.
Michael J. Schall, by Jason Parsont, his Attorney-in-fact
2024-05-15