0001628280-24-008695.txt : 20240304
0001628280-24-008695.hdr.sgml : 20240304
20240304183839
ACCESSION NUMBER: 0001628280-24-008695
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240229
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bergeon Derek
CENTRAL INDEX KEY: 0001972534
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37351
FILM NUMBER: 24717286
MAIL ADDRESS:
STREET 1: 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]
ORGANIZATION NAME: 05 Real Estate & Construction
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_1709595502.xml
FORM 4
X0508
4
2024-02-29
0
0001618563
National Storage Affiliates Trust
NSA
0001972534
Bergeon Derek
C/O NATIONAL STORAGE AFFILIATES TRUST
8400 EAST PRENTICE AVENUE, 9TH FLOOR
GREENWOOD VILLAGE
CO
80111
0
1
0
0
Chief Operating Officer
0
Class A OP Units
2024-02-29
4
A
0
10786
0
A
Common shares of beneficial interest, $0.01 par value
10786
32932
D
LTIP Units
2024-03-01
4
C
0
4890
D
Class A OP Units
4890
23122
D
Class A OP Units
2024-03-01
4
C
0
4890
A
Common shares of beneficial interest, $0.01 par value
4890
32932
D
Pursuant to the agreement of limited partnership (the "Partnership Agreement") of NSA OP, LP (the "Partnership"), the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A common units of limited partner interest ("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 National Storage Affiliates Trust (the "Issuer"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
The Class A OP Units in the first row of this table are comprised of 10,786 Class A OP Units issuable upon the conversion of 10,786 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2015 Equity Incentive Plan. Of these, 3,039 vest in three annual installments on January 1, 2025, January 1, 2026, and January 1, 2027, subject to continued employment by the Reporting Person and 7,747 represent the maximum amount of LTIP Units that can vest on January 1, 2027 contingent upon the achievement of certain performance criteria.
The Reporting Person will not earn any of the 7,747 performance-based LTIP Units if the minimum performance criteria is not met. The 7,747 performance-based LTIP Units are being reported here for informational purposes only. 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 Agreement.
N/A
The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 32,932 Class A OP Units, 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.
Pursuant to the Partnership Agreement, upon the achievement of certain conditions, a holder of LTIP Units of the Partnership is entitled to convert such LTIP Units into Class A OP Units of the Partnership on a one-for-one basis.
Consists of 4,890 LTIP Units held by the Reporting Person which were converted into 4,890 Class A OP Units as described in footnote 7 above.
Following the reported transactions, the Reporting Person has total direct beneficial ownership in 1,108 vested LTIP Units and 22,014 unvested LTIP Units. The Reporting Person previously reported the 4,890 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 4,890 LTIP Units into 4,890 Class A OP Units.
Derek Bergeon, by Jason Parsont, his Attorney-in-fact
2024-03-04