0001628280-23-020344.txt : 20230531 0001628280-23-020344.hdr.sgml : 20230531 20230531164354 ACCESSION NUMBER: 0001628280-23-020344 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230526 FILED AS OF DATE: 20230531 DATE AS OF CHANGE: 20230531 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OSGOOD STEVEN G CENTRAL INDEX KEY: 0001306273 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37351 FILM NUMBER: 23981634 MAIL ADDRESS: STREET 1: 6745 ENGLE ROAD STREET 2: SUITE 300 CITY: MIDDLEBURG HEIGHTS STATE: OH ZIP: 44130 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: National Storage Affiliates Trust CENTRAL INDEX KEY: 0001618563 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] 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_1685565823.xml FORM 4 X0407 4 2023-05-26 0 0001618563 National Storage Affiliates Trust NSA 0001306273 OSGOOD STEVEN G C/O NATIONAL STORAGE AFFILIATES TRUST 8400 EAST PRENTICE AVENUE, 9TH FLOOR GREENWOOD VILLAGE CO 80111 1 0 0 0 0 Class A OP Units 2023-05-26 4 A 0 5192 36.60 A Common shares of beneficial interest, $0.01 par value 5192 131036 I See footnote LTIP Units 2023-05-26 4 C 0 3781 D Class A OP Units 3781 8955 I See footnote Class A OP Units 2023-05-26 4 C 0 3781 A Common shares of beneficial interest, $0.01 par value 3781 131036 I See footnote The 5,192 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 5,192 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2015 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 23, 2024 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 24, 2023. The Reporting Person's total direct and indirect beneficial ownership following the reported transactions above is 131,036 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 and indirect beneficial ownership in 3,763 vested LTIP Units and 5,192 unvested LTIP Units. The 131,036 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported Held by Steven Osgood TTEE Steven G. Osgood Trust dated 09/09/2019 for which the Reporting Person has voting and/or 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. Consists of 3,781 LTIP Units held by the Reporting Person which were converted into 3,781 Class A OP Units as described in footnote 1 above. The Reporting Person previously reported the 3,781 LTIP Units that were converted into Class A OP Units as described in this Form 4 as Class A OP Units on an as-converted basis. Accordingly, rows 2 and 3 of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 3,781 LTIP Units into 3,781 Class A OP Units. Steven G. Osgood, by Andrew S. Epstein, his Attorney-in-fact 2023-05-31