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SmartStop Self Storage REIT, Inc. — Director's Dealing 2021
Apr 21, 2021
31659_dirs_2021-04-21_7c43f843-a1c7-4d2d-96a9-82f9f6d8628a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SmartStop Self Storage REIT, Inc. (N/A)
CIK: 0001585389
Period of Report: 2021-04-19
Reporting Person: Terjung Michael O (Chief Accounting Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-19 | Long-Term Incentive Plan Units | $0 | A | 12096.8 | Acquired | Class A Common Stock (12096.8) | Direct | |
| 2021-04-19 | Long-Term Incentive Plan Units | $0 | A | 8064.5 | Acquired | Class A Common Stock (8064.5) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 9380.86 | Direct |
Footnotes
F1: Represents 9,380.86 shares of restricted stock previously reported as being owned by the Reporting Person.
F2: Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Vested LTIP Units are convertible into common units of the Operating Partnership ("Common Units"). Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
F3: Represents 12,096.80 LTIP Units issued to the Reporting Person pursuant to the Issuer's Employee and Director Long-Term Incentive Plan, which LTIP Units vest ratably over four years commencing on December 31, 2021, subject to the Reporting Person's continued employment or service through each vesting date.
F4: Represents 8,064.50 LTIP Units issued to the Reporting Person pursuant to the Issuer's Employee and Director Long-Term Incentive Plan, which number is equal to 200% of the target number of LTIP Units to be issued upon vesting. The actual number of LTIP Units to be issued upon vesting can range from 0% to 100% of the number of LTIP Units reported, based on achievement of specified performance measures. Assuming the achievement of the specified performance measures, the LTIP Units, as adjusted, will vest no later than March 31, 2024.