Amended Statement of Beneficial Ownership (sc 13d/a)
31 Octobre 2022 - 10:22PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
SmartStop
Self Storage REIT, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
83192D105
(CUSIP Number)
H. Michael Schwartz
Chief Executive Officer
SmartStop Self Storage REIT, Inc.
10 Terrace Road
Ladera
Ranch, California 92694
(949) 429-6600
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
With a copy to:
Michael K. Rafter, Esq.
Erin Reeves McGinnis, Esq.
Nelson Mullins Riley & Scarborough LLP
201 17th Street NW, Suite 1700
Atlanta, Georgia 30363
(404) 322-6627
October 31, 2022
(Date of Event which Requires Filing of this Statement)
If the filing person has
previously filed a statement on Schedule l3G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall
include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
* |
The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 83192D105
Page 2 of 5
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1. |
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Name of Reporting Person I.R.S.
Identification No. of Above Person (Entities Only) H. Michael
Schwartz |
2. |
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Check the Appropriate Box
if a Member of a Group (a) ☐ (b) ☐
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3. |
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SEC Use Only
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4. |
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Source of Funds (See
Instructions) OO |
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Check if Disclosure of
Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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6. |
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Citizenship or Place of
Organization
USA |
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Number of
Shares Beneficially
Owned By Each
Reporting Person
With: |
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7. |
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Sole Voting Power
10,460,295(1) |
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8. |
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Shared Voting Power
176,812(2) |
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9. |
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Sole Dispositive Power
10,460,295(1) |
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10. |
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Shared Dispositive Power
176,812(2) |
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11. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
10,637,107(3) |
12. |
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Check Box if the Aggregate
Amount in Row (11) Excludes Certain Shares ☐ |
13. |
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Percent of Class
Represented by Amount in Row (11) 9.94% (4) |
14. |
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Type of Reporting
Person IN |
CUSIP No. 83192D105
Page 3 of 5
(1) Represents (i) 483,224 shares of Class A Common Stock (as defined in Item 1 hereto) of the Issuer
(as defined in Item 1 hereto), of which 100 shares are owned by SmartStop OP Holdings, LLC (SOH) and 483,124 shares are owned by Strategic 1031, LLC (Strategic 1031), as to which the Reporting Person (as defined in Item 2
hereto) has voting and dispositive power; (ii) 386,289 Class A limited partnership units (the OP Units) of SmartStop OP, L.P., the Issuers operating partnership (the Operating Partnership), of which (a) 116 units
are directly owned by the Reporting Person, (b) 386,100 units are owned by SS Growth Advisor, LLC (SS Growth Advisor), and (c) 73 units are owned by SS Toronto REIT Advisors, LLC (SS Toronto REIT Advisors), as to which the
Reporting Person has voting and dispositive power; and (iii) 9,590,782 Class A-1 limited partnership units of the Operating Partnership (Class A-1
Units) owned by SOH, as to which the Reporting Person has voting and dispositive power. OP Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock on a one-for-one basis or the cash value of such shares. Class A-1 Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common
Stock on a one-for-one basis or the cash value of such shares.
(2)
Represents (i) 87,946 shares of Class A Common Stock held by a family trust, as to which the Reporting Person has shared voting and dispositive power; and (ii) 88,866 vested long-term incentive plan units (LTIP Units) of the
Operating Partnership held by a family trust, as to which the Reporting Person has shared voting and dispositive power. Vested LTIP Units are convertible into OP Units on a
one-for-one basis.
(3) Represents an aggregate of (i) 571,170 shares of
Class A Common Stock; (ii) 386,289 OP Units; (iii) 9,590,782 Class A-1 Units; and (iv) 88,866 vested LTIP Units. Does not include (i) 29,315 unvested shares of restricted stock representing
underlying shares of Class A Common Stock; (ii) 271,581 unvested time-based LTIP Units; or (iii) 240,298 unvested performance-based LTIP Units, in each case which were issued to the Reporting Person under the Issuers Employee and Director
Long-Term Incentive Plan, as they do not vest within 60 days of October 31, 2022. Except for the securities held directly by the Reporting Person, the Reporting Person disclaims beneficial ownership of the remaining securities except to the
extent of his pecuniary interest therein.
(4) The Reporting Persons percentage ownership is based on (i) approximately 96,942,611 shares of
common stock outstanding as of October 31, 2022, and (ii) approximately 10,065,937 limited partnership units of the Operating Partnership which includes, with respect to the Reporting Person only, units that are, or will be within 60 days,
vested, outstanding, and convertible into common stock of the Company.
CUSIP No. 83192D105
Page 4 of 5
Item 1. |
Security and Issuer. |
This Amendment No. 3 (Amendment No. 3) amends and supplements the Schedule 13D filed on September 3, 2021 (the Original
Statement), as amended by Amendment No. 1 thereto filed on December 10, 2021 (Amendment No. 1) and Amendment No. 2 thereto filed on August 10, 2022, and relates to the Class A common stock (the
Class A Common Stock), $0.001 par value per share, of SmartStop Self Storage REIT, Inc., a Maryland corporation (the Issuer). The Issuers principal executive office is located at 10 Terrace Road, Ladera Ranch,
California 92694. Information contained in the Original Statement, as amended by Amendment No. 1 and Amendment No. 2, remains effective except to the extent that it is amended, restated, supplemented, or superseded by the information
contained in this Amendment No. 3.
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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Item 6 of the Original Statement is hereby amended to read as follows:
The information set forth in Item 3, Item 4 and Item 5 is hereby incorporated by reference in its entirety. Of the shares of Class A Common Stock
beneficially owned by the Reporting Person (including the OP Units, LTIP Units, and Class A-1 Units reported herein), 1,000,000 Class A-1 Units are pledged by
SAM (the sole owner of SOH) to KeyBank National Association in connection with a loan.
CUSIP No. 83192D105
Page 5 of 5
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete, and correct.
Date: October 31, 2022
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By: |
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/s/ H. Michael Schwartz |
Name: |
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H. Michael Schwartz |
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