0001628280-22-015925.txt : 20220601 0001628280-22-015925.hdr.sgml : 20220601 20220601162830 ACCESSION NUMBER: 0001628280-22-015925 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220527 FILED AS OF DATE: 20220601 DATE AS OF CHANGE: 20220601 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Warren J. Timothy CENTRAL INDEX KEY: 0001777515 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37351 FILM NUMBER: 22987740 MAIL ADDRESS: STREET 1: C/O NATIONAL STORAGE AFFILIATES TRUST STREET 2: 8400 EAST PRENTICE AVENUE, 9TH FLOOR CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 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_165411529361377.xml FORM 4 X0306 4 2022-05-27 0 0001618563 National Storage Affiliates Trust NSA 0001777515 Warren J. Timothy C/O NATIONAL STORAGE AFFILIATES TRUST 8400 EAST PRENTICE AVENUE, 9TH FLOOR GREENWOOD VILLAGE CO 80111 1 0 0 0 Class A OP Units 2022-05-27 4 A 0 3367 53.46 A Common shares of beneficial interest, $0.01 par value 3367.0 852994 I See Footnote LTIP Units 2022-05-27 4 C 0 6119 0 D Class A OP Units 6119.0 6819 I See Footnote Class A OP Units 2022-05-27 4 C 0 6119 0 A Common shares of beneficial interest, $0.01 par value 6119.0 852994 I See Footnotes The 3,367 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 3,367 long-term incentive plan units ("LTIP Units") in the Partnership held by J. Timothy Warren Revocable Trust for the benefit of the Reporting Person. The Reporting Person is trustee and has or shares voting and investment power. 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 24, 2023 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 27, 2022. The Reporting Person's total direct and indirect beneficial ownership following the reported transactions above is 852,994 Class A OP Units, which includes those Class A OP Units previously reported on Form 3/A 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 3,452 vested LTIP Units and 3,367 unvested LTIP Units. The 852,994 Class A OP Units do not include non-derivative securities or derivative securities of other classes that were previously reported by the Reporting Person. Consists of 6,119 LTIP Units held by the Reporting Person which were converted into 6,119 Class A OP Units as described in footnote 1 above. The Reporting Person previously reported the 6,119 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 6,119 LTIP Units into 6,119 Class A OP Units. J. Timothy Warren, by Jason W. Parsont, his attorney-in-fact 2022-06-01