0001628280-24-024368.txt : 20240520 0001628280-24-024368.hdr.sgml : 20240520 20240520162709 ACCESSION NUMBER: 0001628280-24-024368 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240516 FILED AS OF DATE: 20240520 DATE AS OF CHANGE: 20240520 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Palazzo Dominic M CENTRAL INDEX KEY: 0001639295 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37351 FILM NUMBER: 24964987 MAIL ADDRESS: STREET 1: 7734 S GRAPE CT CITY: CENTENNIAL STATE: CO ZIP: 80122 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_1716236816.xml FORM 4 X0508 4 2024-05-16 0 0001618563 National Storage Affiliates Trust NSA 0001639295 Palazzo Dominic M 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 2024-05-16 4 A 0 3766 37.84 A Common shares of beneficial interest, $0.01 par value 3766 52069 D The 3,766 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 3,766 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 16, 2025 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 16, 2024. The Reporting Person's total direct beneficial ownership following the reported transactions above is 52,069 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 8,719 vested LTIP Units and 3,766 unvested LTIP Units. The 52,069 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported. Dominic M. Palazzo, by Jason Parsont, his Attorney-in-fact 2024-05-20