0001628280-24-024361.txt : 20240520
0001628280-24-024361.hdr.sgml : 20240520
20240520162500
ACCESSION NUMBER: 0001628280-24-024361
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240516
FILED AS OF DATE: 20240520
DATE AS OF CHANGE: 20240520
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: 24964953
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_1716236690.xml
FORM 4
X0508
4
2024-05-16
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
2024-05-16
4
A
0
4757
37.84
A
Common shares of beneficial interest, $0.01 par value
4757
6116
D
The 4,757 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 4,757 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 the earlier of: (i) May 16, 2025 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. 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 16, 2024.
The Reporting Person's total direct beneficial ownership following the reported transactions above is 6,116 Class A OP Units, which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those other LTIP Units convertible into, or exchangeable for, such Class A OP Units as specified herein and reported in prior Forms 4). Following the reported transactions, the Reporting Person has total direct beneficial ownership in 6,116 unvested LTIP Units. The 6,116 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.
Michael J. Schall, by Jason Parsont, his Attorney-in-fact
2024-05-20