0001628280-23-020345.txt : 20230531
0001628280-23-020345.hdr.sgml : 20230531
20230531164443
ACCESSION NUMBER: 0001628280-23-020345
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: Hylbert Paul William Jr
CENTRAL INDEX KEY: 0001639342
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37351
FILM NUMBER: 23981649
MAIL ADDRESS:
STREET 1: 2705 SOUTH BOSTON COURT
CITY: DENVER
STATE: CO
ZIP: 802231
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_1685565870.xml
FORM 4
X0407
4
2023-05-26
1
0001618563
National Storage Affiliates Trust
NSA
0001639342
Hylbert Paul William Jr
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
5602
36.60
A
Common shares of beneficial interest, $0.01 par value
5602
50650
D
LTIP Units
2023-05-26
4
C
0
3781
D
Class A OP Units
3781
9464
D
Class A OP Units
2023-05-26
4
C
0
3781
A
Common shares of beneficial interest, $0.01 par value
3781
50650
D
The 5,602 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 5,602 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 beneficial ownership following the reported transactions above is 50,650 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 3,862 vested LTIP Units and 5,602 unvested LTIP Units. The 50,650 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.
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.
Paul W. Hylbert, Jr., by Andrew S. Epstein, his Attorney-in-fact
2023-05-31