Joseph Saffire - 19 Jul 2023 Form 4 Insider Report for LIFE STORAGE, INC.

Reporting relationship: CEO, Director
Issuer ticker: N/A
Reported as of: 19 Jul 2023
Net transaction value: -$9,562,455
SEC form: 4
Accepted by SEC: 20 Jul 2023, 16:19:18 UTC
Prior SEC filing: 07 Jun 2023
Next SEC filing: 21 Jul 2023
Source filing: View source filing
Reporting owner signature: Andrew J. Gregoire - attorney in fact

Key filing fact

Joseph Saffire filed Form 4 for LIFE STORAGE, INC. on 20 Jul 2023.

Key facts

This page summarizes Joseph Saffire's Form 4 filing for LIFE STORAGE, INC..
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 20 Jul 2023, 16:19.

Change

Previous filing in this sequence was filed on 07 Jun 2023.
Current net transaction value: -$9,562,455.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LSI transaction

Common Stock

Award

Transaction value: $0
Shares: +93,842
Change %: +112%
Price: $0.000000
Shares after: 177,622
Date: 19 Jul 2023
Ownership: Direct
Footnotes: F1

LSI transaction

Common Stock

Tax liability

Transaction value: $9,562,455
Shares: -70,276
Change %: -40%
Price: $136.07
Shares after: 107,346
Date: 19 Jul 2023
Ownership: Direct
Footnotes: F2

LSI transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -107,346
Change %: -100%
Price
Shares after: 0
Date: 20 Jul 2023
Ownership: Direct
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Joseph Saffire is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Shares awarded under the December 14, 2020, December 17, 2021, and December 14, 2022 performance awards, and top-up awards, for which the performance period ended July 19, 2023.

Footnote F2

Forfeiture is to satisfy tax withholding obligations.

Footnote F3

Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 96,074 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.