Stephen E. Westhead - Aug 31, 2021 Form 4 Insider Report for QTS Realty Trust, Inc. (QTS)

Role
Director
Signature
/s/ Aga Carpenter, as attorney in fact for Stephen E. Westhead
Stock symbol
QTS
Transactions as of
Aug 31, 2021
Transactions value $
-$1,579,423
Form type
4
Date filed
9/2/2021, 04:11 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTS Class A Common Stock Disposed to Issuer -9.68K -100% 0 Aug 31, 2021 Direct F1

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 QTS Employee Stock Option (Right to Buy) Disposed to Issuer -$133K -7.04K -100% $18.94* 0 Aug 31, 2021 Class A Common Stock 7.04K $59.06 Direct F2
transaction QTS Employee Stock Option (Right to Buy) Disposed to Issuer -$181K -8.56K -100% $21.16 0 Aug 31, 2021 Class A Common Stock 8.56K $56.84 Direct F3
transaction QTS Employee stock option (right to buy) Disposed to Issuer -$264K -9.64K -100% $27.34 0 Aug 31, 2021 Class A common stock 9.64K $50.66 Direct F4
transaction QTS Employee stock option (right to buy) Disposed to Issuer -$170K -5.29K -100% $32.22 0 Aug 31, 2021 Class A Common Stock 5.29K $45.78 Direct F5
transaction QTS Employee stock option (right to buy) Disposed to Issuer -$381K -10.6K -100% $35.99 0 Aug 31, 2021 Class A common stock 10.6K $42.01 Direct F6
transaction QTS Employee stock option (right to buy) Disposed to Issuer -$450K -10.2K -100% $43.97 0 Aug 31, 2021 Class A common stock 10.2K $34.03 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stephen E. Westhead is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes Class A common stock and deferred share units ("DSUs") granted under the QTS Realty Trust, Inc. 2013 Equity Incentive Plan (the "Plan") that represented the contingent right to receive one share of Class A common stock and vesting of the DSU one year after the date of grant. Each DSU (and any accrued dividend equivalents related thereto) vested in connection with the Merger (as defined herein). All Class A common stock was disposed of, and vested DSUs were cancelled, pursuant to the merger of the Issuer with and into Volt Lower Holdings LLC (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of June 7, 2021, among the Issuer, QualityTech, LP (the "Operating Partnership"), Volt Upper Holdings LLC, Volt Lower Holdings LLC, and Volt Acquisition LP (the "Merger Agreement") in exchange for $78.00 in cash per share (or share under such DSU), without interest, less any applicable withholding.
F2 These options to purchase shares of Class A common stock were granted under the Plan and vest one year after the date of grant. Each option was canceled in the Merger in exchange for a cash payment of $18.94, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.
F3 These options to purchase shares of Class A common stock were granted under the Plan and vest one year after the date of grant. Each option was canceled in the Merger in exchange for a cash payment of $21.16, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.
F4 These options to purchase shares of Class A common stock were granted under the Plan and vest one year after the date of grant. Each option was canceled in the Merger in exchange for a cash payment of $27.34, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.
F5 These options to purchase shares of Class A common stock were granted under the Plan and vest one year after the date of grant. Each option was canceled in the Merger in exchange for a cash payment of $32.22, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.
F6 These options to purchase shares of Class A common stock were granted under the Plan and vest one year after the date of grant. Each option was canceled in the Merger in exchange for a cash payment of $35.99, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.
F7 These options to purchase shares of Class A common stock were granted under the Plan and vest one year after the date of grant. Each option was canceled in the Merger in exchange for a cash payment of $43.97, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.