Sec Form 4 Filing - HAMILTON DANA @ LIFE STORAGE, INC. - 2023-07-19

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person HAMILTON DANA 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) (Last) (First) (Middle) 85 SALTEN POINT ROAD 3. Date of Earliest Transaction (MM/DD/YY) 07/19/2023 (Street) BARNSTABLE, MA02630 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock 07/20/2023 D 3,811 ( 7 ) ( 8 ) D 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other HAMILTON DANA 85 SALTEN POINT ROAD BARNSTABLE, MA02630 X Signatures Andrew J. Gregoire - attorney in fact 07/20/2023 Signature of Reporting Person Date

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.

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