IRON MOUNTAIN INC — Director's Dealing 2014

Jan 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRON MOUNTAIN INC (IRM)
CIK: 0001020569
Period of Report: 2014-01-02

Reporting Person: RYAN VINCENT J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-02	Common Stock, par value $.01 per share	J	387657	—	Disposed	8251276.89	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	6984047.346	Indirect
Common Stock, par value $.01 per share	28974	Direct
Common Stock, par value $.01 per share	6059	Indirect

Footnotes

F1: These shares are held by Schooner Capital Corporation. As previously reported, as a result of a 1988 deferred compensation arrangement, as amended, between Schooner Capital LLC ("Schooner") and Mr. C. Richard Reese relating to earlier services provided by Mr. Reese as president of the predecessor corporation to Schooner (the "Arrangement"), commencing in 2013, Mr. Reese is entitled to receive ten annual payments, each of which is to be paid in cash or in shares of common stock of Iron Mountain Incorporated ("Common Stock"), at Mr. Reese's election. Pursuant to the terms of the Arrangement, on January 2, 2014, Mr. Reese received the second annual installment in the form of 387,657 shares of Common Stock.

F2: Shares held in the Vincent J. Ryan Revocable Trust, dated December 24, 1987.

F3: Shares held in the Carla E. Meyer Three-Year Retained Annuity Trust, dated October 29, 2008.