0001628280-22-003873.txt : 20220224 0001628280-22-003873.hdr.sgml : 20220224 20220224174731 ACCESSION NUMBER: 0001628280-22-003873 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220222 FILED AS OF DATE: 20220224 DATE AS OF CHANGE: 20220224 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Van Mourick Mark CENTRAL INDEX KEY: 0001639296 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37351 FILM NUMBER: 22673192 MAIL ADDRESS: STREET 1: 24901 DANA POINT HARBOR DRIVE STREET 2: SUITE 230 CITY: DANA POINT STATE: CA ZIP: 92629 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_164574283137299.xml FORM 4 X0306 4 2022-02-22 0 0001618563 National Storage Affiliates Trust NSA 0001639296 Van Mourick Mark C/O NATIONAL STORAGE AFFILIATES TRUST 8400 EAST PRENTICE AVENUE, 9TH FLOOR GREENWOOD VILLAGE CO 80111 1 0 0 0 Class B OP Units, Series OV 2022-02-22 4 M 0 20000 0 D Class A OP Units 20000.0 32796 I See Footnote Class A OP Units 2022-02-22 4 M 0 52954 0 A Common shares of beneficial interest, $0.01 par value 52954.0 155782 I See Footnote Pursuant to the agreement of limited partnership of NSA OP, LP (the "Partnership"), following a two-year lock-out period, a holder of Class B common units of limited partner interest, Series OV ("Class B OP Units") may elect a voluntary conversion ("Voluntary Conversion") upon the achievement of certain performance thresholds relating to the properties to which such Class B OP Units relate one time each year prior to December 1st to convert a pre-determined portion of Class B OP Units into Class A common units of limited partner interest ("Class A OP Units") in the Partnership. Such Voluntary Conversion is effective January 1st of the following year with each Class B OP Unit being converted into the number of Class A OP Units determined by dividing the average cash available for distribution per unit on the series of specific Class B OP Units over the one-year period prior to the conversion effective date by 110% of the cash available for distribution per unit on the Class A OP Units determined over the same period. The Reporting Person made an election prior to December 1, 2021 with respect to a Voluntary Conversion of 20,000 Class B OP Units held by Van Mourick Diversified, LP for the which the Reporting Person has or shares voting and investment power. Following the completion of the audit of National Storage Affiliates Trust (the "Issuer"), the Issuer notified the Reporting Person on February 22, 2022 that such Class B OP Units converted into 52,954 Class A OP Units effective January 1, 2022. The Reporting Person has the right to cause the Partnership to redeem all or 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 common shares of beneficial interest ("Shares") of Issuer, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments. N/A The Reporting Person's total direct and indirect beneficial ownership of Class B OP Units following the reported transaction above is 32,796, which includes those Class B OP Units previously reported and the Class B OP Units reported herein (together with those securities convertible into, or exchangeable for, such Class B OP Units as specified therein). The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above is 155,782, which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified therein). 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. Mark Van Mourick, by Jason Parsont, his Attorney-in-fact 2022-02-24