X0206 3 2015-04-22 0 0001618563 National Storage Affiliates Trust NSA 0001639342 Hylbert Paul William Jr 2705 SOUTH BOSTON COURT DENVER CO 802231 1 0 0 0 Class A OP Units Common shares of beneficial interest, $0.01 par value 13200 D One year after the date of the completion of the initial public offering of the Issuer, the Reporting Person will have the right to cause NSA OP, LP (the "Partnership") to redeem all or a portion of the Reporting Person's Class A common units of limited partner interest in the Partnership ("Class A OP Units") for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares, or at the Issuer's option, common shares on a one-for-one basis, subject to certain adjustments. The Class A OP Units in this table include 4,400 Class A OP Units issuable upon the conversion of 4,400 vested long-term incentive plan units in the Partnership ("LTIP units") and 8,800 Class A OP Units issuable upon conversion of 8,800 unvested LTIP units. The unvested LTIP units were granted to the Reporting Person under the Issuer's 2013 Long-Term Incentive Plan, and vest along a schedule at certain times prior to December 31, 2017, upon the achievement of certain performance goals, or upon the completion of the Issuer's initial public offering. N/A Exhibit No. 24.1 Power of Attorney dated April 8, 2015. Paul W. Hylbert, Jr., by Jason Parsont, his Attorney-in-fact 2015-04-22