0001618563-21-000094.txt : 20210602
0001618563-21-000094.hdr.sgml : 20210602
20210602161946
ACCESSION NUMBER: 0001618563-21-000094
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210528
FILED AS OF DATE: 20210602
DATE AS OF CHANGE: 20210602
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Meisinger Chad LeRoy
CENTRAL INDEX KEY: 0001639578
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37351
FILM NUMBER: 21989349
MAIL ADDRESS:
STREET 1: 71 VIA SONRISA
CITY: SAN CLEMENTE
STATE: CA
ZIP: 92673
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
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
wf-form4_162266516650316.xml
FORM 4
X0306
4
2021-05-28
0
0001618563
National Storage Affiliates Trust
NSA
0001639578
Meisinger Chad LeRoy
C/O NATIONAL STORAGE AFFILIATES TRUST
8400 EAST PRENTICE AVENUE, 9TH FLOOR
GREENWOOD VILLAGE
CO
80111
1
0
0
0
Class A OP Units
2021-05-28
4
A
0
3452
45.63
A
Common shares of beneficial interest, $0.01 par value
3452.0
38596
D
LTIP Units
2021-05-28
4
C
0
4865
D
Class A OP Units
4865.0
9863
D
Class A OP Units
2021-05-28
4
C
0
4865
A
Common shares of beneficial interest, $0.01 par value
4865.0
38596
D
The 3,452 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 3,452 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 25, 2022 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 26, 2021.
The Reporting Person's total direct beneficial ownership following the reported transactions above is 38,596 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 6,411 vested LTIP Units and 3,452 unvested LTIP Units. The 38,596 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.
Consists of 4,865 LTIP Units held by the Reporting Person which were converted into 4,865 Class A OP Units as described in footnote 1 above. The Reporting Person previously reported the 4,865 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 4,865 LTIP Units into 4,865 Class A OP Units.
Chad L. Meisinger, by Jason Parsont, his Attorney-in-fact
2021-06-02