0001628280-22-015923.txt : 20220601
0001628280-22-015923.hdr.sgml : 20220601
20220601162741
ACCESSION NUMBER: 0001628280-22-015923
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: Hylbert Paul William Jr
CENTRAL INDEX KEY: 0001639342
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37351
FILM NUMBER: 22987714
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
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_165411523220211.xml
FORM 4
X0306
4
2022-05-27
0
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
Class A OP Units
2022-05-27
4
A
0
3862
53.46
A
Common shares of beneficial interest, $0.01 par value
3862.0
45048
D
LTIP Units
2022-05-27
4
C
0
7256
0
D
Class A OP Units
7256.0
7643
D
Class A OP Units
2022-05-27
4
C
0
7256
0
A
Common shares of beneficial interest, $0.01 par value
7256.0
45048
D
The 3,862 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 3,862 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 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 beneficial ownership following the reported transactions above is 45,048 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 3,781 vested LTIP Units and 3,862 unvested LTIP Units. The 45,048 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.
Consists of 7,256 LTIP Units held by the Reporting Person which were converted into 7,256 Class A OP Units as described in footnote 1 above. The Reporting Person previously reported the 7,256 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 7,256 LTIP Units into 7,256 Class A OP Units.
Paul W. Hylbert, Jr., by Jason Parsont, his Attorney-in-fact
2022-06-01