SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HAMILTON DANA

(Last)

(First)

(Middle)

85 SALTEN POINT ROAD

(Street)

BARNSTABLE

02630

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LIFE STORAGE, INC. [ LSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/19/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/20/2023		D		3,811⁽⁷⁾⁽⁸⁾	D	⁽⁷⁾	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock unit	$0	07/19/2023		A		22.07		07/19/2023	⁽¹⁾	Common stock	22.07	⁽²⁾	3,406.69	D
Common stock unit	⁽³⁾	07/20/2023		D			3,406.69	⁽⁴⁾	⁽⁴⁾	Common stock	3,406.69	⁽⁴⁾	0	D
Deferred Common Stock Unit	⁽⁵⁾	07/20/2023		D			2,821	⁽⁶⁾	⁽⁶⁾	Common stock	2,821	⁽⁶⁾	0	D

Explanation of Responses:

1. Phantom shares of Common Stock ("Units") have no expiration date but were cancelled and converted into the right to receive merger consideration in connection with the merger agreement between issuer, Extra Space Storage Inc. and certain other parties.

2. Units acquired in lieu of dividends on deferred directors' fees pursuant to the Company's Deferred Compensation Plan for Directors. The number of Units was determined by dividing the amount of the dividend payable on the Units by the closing price of the Company's Common Stock on the dividend record date July 13, 2023, $138.03.

3. Phantom shares of Common Stock acquired in lieu of director's fees pursuant to the Company's Deferred Compensation Plan for Directors. Such phantom shares were cancelled and converted into the right to receive merger consideration in connection with the merger agreement between issuer, Extra Space Storage Inc. and certain other parties.

4. Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 3,049 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.

5. Phantom shares of Common Stock acquired in lieu restricted stock under the Company's Outside Director's Stock Award Plan. Such phantom shares were cancelled and converted into the right to receive merger consideration in connection with the merger agreement between issuer, Extra Space Storage Inc. and certain other parties.

6. Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 2,524 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.

7. Disposed of pursuant to merger agreement between issuer, Extra Space Storage Inc. and certain other parties in exchange for 3,410 shares of Extra Space Storage Inc. common stock having a market value of $148.96 per share on the effective date of the merger.

8. Adjusted for 3-for-2 stock split effective January 28, 2021.

	Andrew J. Gregoire - attorney in fact	07/20/2023
	** Signature of Reporting Person	Date
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SEC Form 4 filed by Hamilton Dana