AMERICOLD REALTY TRUST — Director's Dealing 2018

Jun 15, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICOLD REALTY TRUST (NYSE: COLD)
CIK: 0001455863
Period of Report: 2018-06-13

Reporting Person: Musgrave Thomas (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-13	Common Shares of Beneficial Interest	M	100000	$9.81	Acquired	100000	Direct
2018-06-13	Common Shares of Beneficial Interest	F	70056	$21.70	Disposed	29944	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-13	Stock Option	$9.81	M	55000	Disposed	2022-05-30	Common Shares of Beneficial Interest (55000)	Direct
2018-06-13	Stock Option	$9.81	M	25000	Disposed	2023-06-24	Common Shares of Beneficial Interest (25000)	Direct
2018-06-13	Stock Option	$9.81	M	20000	Disposed	2023-12-19	Common Shares of Beneficial Interest (20000)	Direct

Footnotes

F1: On June 13, 2018, Mr. Musgrave made a net exercise of 100,000 stock options, resulting in his acquisition of 29,944 common shares of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Musgrave and the underwriters with respect to the initial public offering of the Company.

F2: Options to acquire common shares vested 20% on October 31, 2012, 2013, 2014, 2015 and 2016.

F3: Options to acquire common shares vested 20% on February 25, 2014, 2015, 2016, 2017 and 2018.

F4: Options to acquire common shares vested 20% on December 19, 2014, 2015, 2016 and 2017 and remainder vest on December 19, 2018.