Dana Hamilton - May 18, 2023 Form 4 Insider Report for LIFE STORAGE, INC. (LSI)

Role
Director
Signature
Claire K. White - attorney in fact
Stock symbol
LSI
Transactions as of
May 18, 2023
Transactions value $
$0
Form type
4
Date filed
5/22/2023, 03:05 PM
Previous filing
Feb 28, 2023
Next filing
Jul 20, 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
transaction LSI Common stock unit Award +916 +37.13% 3.38K May 18, 2023 Common stock 916 $0.00 Direct F1, F2
transaction LSI Deferred Common Stock Unit Award +836 +42.12% 2.82K May 18, 2023 Common stock 836 $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Units have no expiration date but will be converted into common shares and distributed in 5 annual installments after cessation of the Director's service as a Director.
F2 Phantom shares of Common Stock ("Units") acquired in lieu of director's fees pursuant to the Company's Deferred Compensation Plan for Directors. The number of Units was determined by dividing the amount of compensation otherwise payable by the closing price of the Company's Common Stock on May 18, 2023, $131.60.
F3 Phantom shares of Common Stock acquired in lieu of restricted stock under the Company's Outside Directors' Stock Award Plan.