DANA HAMILTON - 19 Jul 2023 Form 4 Insider Report for LIFE STORAGE, INC.

Role
Director
Signature
Andrew J. Gregoire - attorney in fact
Issuer symbol
N/A
Transactions as of
19 Jul 2023
Net transactions value
$0
Form type
4
Filing time
20 Jul 2023, 12:51:14 UTC
Previous filing
22 May 2023
Next filing
03 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSI Common Stock Disposed to Issuer -3,811 -100% 0 20 Jul 2023 Direct F7, F8

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 +22 +0.65% 3,407 19 Jul 2023 Common stock 22 $0.000000 Direct F1, F2
transaction LSI Common stock unit Disposed to Issuer -3,407 -100% 0 20 Jul 2023 Common stock 3,407 Direct F3, F4
transaction LSI Deferred Common Stock Unit Disposed to Issuer -2,821 -100% 0 20 Jul 2023 Common stock 2,821 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

DANA HAMILTON is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Phantom shares of Common Stock ("Units") have no expiration date but 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.
F2 Units acquired in lieu of dividends on deferred directors' fees pursuant to the Company's Deferred Compensation Plan for Directors. The number of Units was determined by dividing the amount of the dividend payable on the Units by the closing price of the Company's Common Stock on the dividend record date July 13, 2023, $138.03.
F3 Phantom shares of Common Stock acquired in lieu of director's fees pursuant to the Company's Deferred Compensation Plan for Directors. 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.
F4 Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 3,049 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.
F5 Phantom shares of Common Stock acquired in lieu 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.
F6 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.
F7 Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 3,410 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.
F8 Adjusted for 3-for-2 stock split effective January 28, 2021.