SEC Form 4 · accession 0001140361-15-010386
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
B Wayne Hughes Jr.
Director · 10% Owner
Period of report
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 2:03 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 Stock | Mar 3, 2015 | M | 2,500 | $60.06 | A | 2,500 | D | |
| Common StockF1 | holding | — | — | — | 5,583,155 | I | As Trustee | |
| Common StockF2 | holding | — | — | — | 8,105 | D | ||
| Common StockF3 | holding | — | — | — | 11,348 | D | ||
| Common StockF4 | holding | — | — | — | 65,358 | I | By daughter | |
| Common StockF5 | holding | — | — | — | 3,390 | I | As custodian for son | |
| Common StockF6 | holding | — | — | — | 31,160 | I | By son | |
| Common StockF7 | holding | — | — | — | 233 | I | By wife IRA | |
| Common StockF8 | holding | — | — | — | 444 | I | By wife | |
| Common StockF9 | holding | — | — | — | 44,312 | I | By IRA | |
| Common StockF10 | holding | — | — | — | 17,890 | I | By wife as custodian | |
| Common StockF11 | holding | — | — | — | 400,000 | I | By LLC | |
| Common StockF12 | holding | — | — | — | 300,000 | I | By LLC |
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)F14 | $60.06 | Mar 3, 2015 | M | 2,500 | D | May 5, 2006 | May 5, 2015 | Common Stock | 2,500 | 0 | D |
| Stock Option (right to buy)F13 | $176.19 | holding | — | — | — | May 1, 2015 | May 1, 2024 | Common stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F13 | $164.62 | holding | — | — | — | May 9, 2014 | May 9, 2023 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F13 | $144.97 | holding | — | — | — | May 3, 2013 | May 3, 2022 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F13 | $115.96 | holding | — | — | — | May 5, 2012 | May 5, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F13 | $94.25 | holding | — | — | — | May 6, 2011 | May 6, 2020 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F13 | $62.80 | holding | — | — | — | May 7, 2010 | May 7, 2019 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F13 | $91.81 | holding | — | — | — | May 8, 2009 | May 8, 2018 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F13 | $74.23 | holding | — | — | — | Aug 2, 2008 | Aug 2, 2017 | Common Stock | 2,500 | 2,500 | D |
| Stock Option (right to buy)F13 | $91.68 | holding | — | — | — | May 3, 2008 | May 3, 2017 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1By B. Wayne Hughes, Jr., trustee for B. Wayne Hughes, Jr. Living Trust.
- F10By wife as custodian for son.
- F11Reporting person is the successor trusteee of two trusts for the benefit of his children that own a 50% interest in a limited liability company that owns a total of 800,000 shares.
- F12Reporting person and wife are trustees of two trusts for the benefit of their children, each of which owns a 50% interest in a limited liability company that owns a total of 300,000 shares.
- F13Stock Options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan as Amended. Options vest in three (3) equal annual installments beginning one (1) year from the grant date.
- F14Stock Options granted pursuant to the 2001 Stock Option and Incentive Plan. Options vest in three (3) equal annual installments beginning one (1) year from grant date.
- F2By reporting person and wife as joint tenants.
- F3By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.
- F4By daughter.
- F5By reporting person as custodian for son.
- F6By son.
- F7By custodian of an IRA for benefit of wife.
- F8By wife.
- F9By custodian of an IRA for benefit of reporting person.