IRON MOUNTAIN INC — Director's Dealing 2017

Jan 17, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRON MOUNTAIN INC (IRM)
CIK: 0001020569
Period of Report: 2017-01-12

Reporting Person: HALVORSEN KRIS (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-12	Phantom Stock	$	A	715.1030	Acquired		Common Stock (715.1030)	Direct

Footnotes

F1: Pursuant to the Reporting Person's election to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan, the shares of phantom stock (the "Phantom Shares") will become payable in shares of Iron Mountain Incorporated common stock ("Common Stock") following the Reporting Person's disability or cessation of service as a director. Each Phantom Share is the economic equivalent of one share of Common Stock.

F2: These shares give effect to the Reporting Person's first quarter cash compensation for service on the Iron Mountain Incorporated board of directors as if reinvested in Phantom Shares.