SEC Form 4 · accession 0001140361-15-008512
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Reyes
Officer — SENIOR VICE PRESIDENT / CFO
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 8:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393311
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 19, 2015 | A | 40,000 | $0.00 | A | 156,835 | D | |
| Common StockF4 | holding | — | — | — | 66,194 | I | By 401(k) plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F5 | $198.79 | Feb 19, 2015 | A | 100,000 | A | Feb 19, 2016 | Feb 19, 2025 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Award of restricted share units that vest in five (5) equal annual installments beginning one (1) year from the date of grant.
- F2Includes 102,000 restricted share units. Previous versions of this footnote overstated this amount by 2,000 restricted share units.
- F3This amount was previously overstated by 935 shares.
- F4401(k) plan units that represent interests in common stock; based on plan information as of December 31, 2014. There is not a one to one correlation between units and shares.
- F5Stock Options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan as Amended. Options vest in five (5) equal annual installments beginning one (1) year from date of grant.