Key facts
- This page summarizes David Cramer's Form 4 filing for National Storage Affiliates Trust (NSA).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 17 Mar 2022, 20:39.
David Cramer - 15 Mar 2022 Form 4 Insider Report for National Storage Affiliates Trust (NSA)
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- NSA
- Reported as of
- 15 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 17 Mar 2022, 20:39:10 UTC
- Prior SEC filing
- 07 Feb 2022
- Next SEC filing
- 30 Aug 2022
- Source filing
- View source filing
- Reporting owner signature
- David Cramer, by Jason Parsont, his Attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
David Cramer filed Form 4 for National Storage Affiliates Trust (NSA) on 17 Mar 2022.
Change
- Previous filing in this sequence was filed on 07 Feb 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NSA
transaction
Derivative
Class A OP Units
Award
- Transaction value
- $0
- Shares
- +14,554
- Change %
- +17%
- Price
- $0.000000
- Shares after
- 101,654
- Date
- 15 Mar 2022
- Ownership
- Direct
- Underlying class
- Common shares of beneficial interest, $0.01 par value
- Underlying amount
- 14,554
- Exercise price
- Footnotes
- F1, F2, F3, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
Pursuant to the agreement of limited partnership (the "Partnership Agreement") of NSA OP, LP (the "Partnership"), the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A common units of limited partner interest ("Class A OP Units") for cash in an amount equal to the market value of an equivalent number of the common shares of beneficial interest ("Shares") of National Storage Affiliates Trust (the "Issuer"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
Footnote F2
The Class A OP Units in the first row of this table are comprised of 14,554 Class A OP Units issuable upon the conversion of 14,554 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2022 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2015 Equity Incentive Plan. Of these, 3,469 vest in three annual installments on January 1, 2023, January 1, 2024, and January 1, 2025, subject to continued employment by the Reporting Person and 11,085 represent the maximum amount of LTIP Units that can vest on January 1, 2025 contingent upon the achievement of certain performance criteria.
Footnote F3
The Reporting Person will not earn any of the 11,085 performance-based LTIP Units if the minimum performance criteria is not met. The 11,085 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.
Footnote F4
N/A
Footnote F5
The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above is 101,654 Class A OP Units, which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified therein).
Footnote F6
This filing shall not be deemed to be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.