Joseph Saffire - 19 Jul 2023 Form 4 Insider Report for LIFE STORAGE, INC.

Role
CEO, Director
Signature
Andrew J. Gregoire - attorney in fact
Issuer symbol
N/A
Transactions as of
19 Jul 2023
Net transactions value
-$9,562,455
Form type
4
Filing time
20 Jul 2023, 16:19:18 UTC
Previous filing
07 Jun 2023
Next filing
21 Jul 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 Award $0 +93,842 +112% $0.000000 177,622 19 Jul 2023 Direct F1
transaction LSI Common Stock Tax liability $9,562,455 -70,276 -40% $136.07 107,346 19 Jul 2023 Direct F2
transaction LSI Common Stock Disposed to Issuer -107,346 -100% 0 20 Jul 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Shares awarded under the December 14, 2020, December 17, 2021, and December 14, 2022 performance awards, and top-up awards, for which the performance period ended July 19, 2023.
F2 Forfeiture is to satisfy tax withholding obligations.
F3 Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 96,074 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.