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

Role
Director
Signature
Claire K. White - attorney in fact
Issuer symbol
N/A
Transactions as of
18 May 2023
Net transactions value
$0
Form type
4
Filing time
22 May 2023, 15:05:21 UTC
Previous filing
28 Feb 2023
Next filing
20 Jul 2023
SEC
View on sec.gov

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% 3,385 18 May 2023 Common stock 916 $0.000000 Direct F1, F2
transaction LSI Deferred Common Stock Unit Award +836 +42% 2,821 18 May 2023 Common stock 836 $0.000000 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.