IRON MOUNTAIN INC — Director's Dealing 2018

Feb 22, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRON MOUNTAIN INC (IRM)
CIK: 0001020569
Period of Report: 2018-02-16

Reporting Person: Fox Raymond (EVP and Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-20	Common Stock, par value $.01 per share	M	1245	—	Acquired	3159	Direct
2018-02-20	Common Stock, par value $.01 per share	F	440	$32.12	Disposed	2719	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-16	Performance Units	$0.0	A	1245	Acquired		Common Stock (1245.0)	Direct
2018-02-20	Performance Units	$0.0	M	1245	Disposed		Common Stock (1245.0)	Direct

Footnotes

F1: This transaction is being reported to reflect the full vesting of performance units ("PUs") initially granted to the Reporting Person on July 21, 2015. Effective February 16, 2018, the Compensation Committee of Iron Mountain Incorporated's Board of Directors (the "Compensation Committee") determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs vested on February 20, 2018.

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

F3: The PUs were initially granted to the Reporting Person on July 21, 2015, and effective February 16, 2018 the Compensation Committee determined the actual award of PUs under the grant after completion of the relevant performance period.

F4: The PUs were initially granted to the Reporting Person on July 21, 2015 and fully vested on February 20, 2018.