Dana Hamilton - 27 May 2021 Form 4 Insider Report for LIFE STORAGE, INC.

Role
Director
Signature
Andrew J. Gregoire - attorney in fact
Issuer symbol
N/A
Transactions as of
27 May 2021
Net transactions value
$0
Form type
4
Filing time
27 May 2021, 16:37:33 UTC
Next filing
30 Aug 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LSI Common Stock unit Award +295 +83% 650 27 May 2021 Common Stock 295 $0.000000 Direct F1, F2
transaction LSI Deferred Common Stock Unit Award +1,018 1,018 27 May 2021 Common Stock 1,018 $0.000000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Units have no expiration date but will be converted into common shares and distributed in 5 annual installments after cessation of the Director's service as a Director.
F2 Phantom shares of Common Stock ("Units") acquired in lieu of director's fees pursuant to the Company's Deferred Compensation Plan for Directors. The number of Units was determined by dividing the amount of compensation otherwise payable by the closing price of the Company's Common Stock on May 26, 2021, $98.54.
F3 Phantom shares of Common Stock ("Units") acquired in lieu of restricted stock issued under the Company's 2020 Outside Directors' Stock Award Plan.