Arthur L. Havener Jr - Jul 20, 2023 Form 4 Insider Report for LIFE STORAGE, INC. (LSI)

Role
Director
Signature
Andrew J. Gregoire - attorney in fact
Stock symbol
LSI
Transactions as of
Jul 20, 2023
Transactions value $
$0
Form type
4
Date filed
7/20/2023, 11:01 AM
Previous filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSI Common Stock Disposed to Issuer -14.9K -100% 0 Jul 20, 2023 Direct F1
transaction LSI Common Stock Disposed to Issuer -481 -100% 0 Jul 20, 2023 By Donna J Havener Trust F2

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 Deferred Common Stock Unit Disposed to Issuer -2.82K -100% 0 Jul 20, 2023 Common stock 2.82K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Arthur L. Havener Jr is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 13,336 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.
F2 Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 430 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.
F3 Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 2,524 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.
F4 Phantom shares of Common Stock acquired in lieu of restricted stock under the Company's Outside Director's Stock Award Plan. Such phantom shares were cancelled and converted into the right to receive merger consideration in connection with the merger agreement between issuer, Extra Space Storage Inc. and certain other parties.