Tiffany Kenyon - Jan 1, 2023 Form 3 Insider Report for National Storage Affiliates Trust (NSA)

Role
Chief Legal Officer
Signature
Tiffany Kenyon, by Zoya Afridi, her Attorney-in-fact
Stock symbol
NSA
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
3
Date filed
1/9/2023, 03:29 PM
Next filing
Mar 1, 2023

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
holding NSA Class A OP Units Jan 1, 2023 Common shares of beneficial interest, $0.01 par value 28.4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the agreement of limited partnership 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.
F2 The Class A OP Units in this table are comprised of 21,099 Class A OP Units, 868 Class A OP Units issuable upon the conversion of 868 vested long-term incentive plan units ("LTIP units") in the Partnership and 6,430 Class A OP Units issuable upon conversion of 6,430 unvested LTIP units, granted to the Reporting Person under the Issuer's 2015 Equity Incentive Plan and will vest in installments along a schedule at certain times prior to June 10, 2025, subject to continued employment by the Reporting Person. 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.
F3 N/A

Remarks:

Exhibit No. 24.1 Power of Attorney dated December 26, 2022.