AMERICOLD REALTY TRUST — Director's Dealing 2018

Nov 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICOLD REALTY TRUST (NYSE: COLD)
CIK: 0001455863
Period of Report: 2018-11-13

Reporting Person: Musgrave Thomas (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-13	Common Shares of Beneficial Interest	S	42000	$25.995	Disposed	23476	Direct
2018-11-13	Common Shares of Beneficial Interest	M	23000	$9.81	Acquired	46476	Direct
2018-11-13	Common Shares of Beneficial Interest	S	23000	$25.9944	Disposed	23476	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-13	Stock Option	$9.81	M	23000	Disposed	2025-09-21	Common Shares of Beneficial Interest (23000)	Direct

Footnotes

F1: The prices reported in Column 4 are weighted average prices. These common shares were sold in multiple transactions at prices ranging from $25.95 to $26.05, inclusive. The reporting person undertakes to provide to Americold Realty Trust, any security holder of Americold Realty Trust, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the range set forth above.

F2: On November 13, 2018, Mr. Musgrave made a net exercise of 23,000 stock options.

F3: Options to acquire common shares vested 20% on September 21, 2016, 2017 and 2018 and remainder vest ratably on September 21, 2019 and 2020.