SEC Form 4 · accession 0001140361-15-008526
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald L Havner Jr.
Officer — Chairman & CEO · Director
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 8:16 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 | 50,000 | $0.00 | A | 144,654 | D | |
| Common StockF4 | holding | — | — | — | 64,090 | I | As Trustee |
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.
- F2On May 20, 2014, the reporting person voluntarily waived his rights to 2,013 restricted share units which were among the restricted share units granted to the reporting person on February 20, 2014, and such restricted share units were cancelled effective as of May 20, 2014.
- F3All are restricted share units.
- F4By Ronald L. Havner, Jr. and LeeAnn R. Havner, Trustees of the Havner Family Trust.
- 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.