IRON MOUNTAIN INC — Director's Dealing 2013

Mar 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRON MOUNTAIN INC (IRM)
CIK: 0001020569
Period of Report: 2013-03-11

Reporting Person: Duale Marc A (President, Iron Mountain Int'l)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-11	Common Stock, par value $.01 per share	A	4973	—	Acquired	6116	Direct
2013-03-11	Common Stock, par value $.01 per share	F	178	$35.31	Disposed	5938	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-11	Restricted Stock Units	$	D	1171	Disposed		Common Stock (1171)	Direct
2013-03-11	Restricted Stock Units	$	D	3802	Disposed		Common Stock (3802)	Direct
2013-03-13	Performance Units	$	A	10212	Acquired		Common Stock (10212)	Direct

Footnotes

F1: This acquisition is reported to reflect the partial vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

F2: Each RSU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").

F3: The RSUs, representing a contingent right to receive a total of 3,518 shares of Common Stock, were granted to the Reporting Person on March 11, 2011 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number of RSUs granted includes previously reported RSUs allocated on November 21, 2012 in connection with the Reporting Person's receipt of his pro rata portion of a special dividend declared by the Board of Directors of Iron Mountain Incorporated on October 11, 2012 and paid on November 21, 2012 (the "Special Dividend").

F4: The RSUs, representing a contingent right to receive a total of 11,423 shares of Common Stock, were granted to the Reporting Person on March 9, 2012 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number of RSUs granted includes previously reported RSUs allocated on November 21, 2012 in connection with the Reporting Person's receipt of his pro rata portion of the Special Dividend.

F5: Each performance unit ("PU") represents a contingent right to receive one share of Common Stock.

F6: The PUs were previously granted to the Reporting Person on March 9, 2012, and on March 13, 2013 the Compensation Committee of Iron Mountain Incorporated's Board of Directors determined the actual award of PUs under the grant after completion of the relevant performance period.

F7: The PUs fully vest on March 9, 2015, subject to certain exceptions, if the Reporting Person is, as of that date, continuing to perform services for Iron Mountain Incorporated.