Dana Hamilton - Feb 28, 2022 Form 4 Insider Report for LIFE STORAGE, INC. (LSI)

Role
Director
Signature
Andrew J. Gregoire - attorney in fact
Stock symbol
LSI
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
2/28/2022, 08:30 AM
Previous filing
Nov 30, 2021
Next filing
May 31, 2022

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 +230 +20.59% 1.35K Feb 28, 2022 Common Stock 230 $0.00 Direct F1, F2
* 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 February 25, 2022, $130.18.