SEC Form 4 · accession 0001140361-15-021038
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
May 18, 2015
Accepted (ET)
May 20, 2015 · 1:32 pm EDT
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 | May 18, 2015 | S | 78,050 | $200.1409 | D | 321,950 | I | By LLC |
| Common StockF3,F4 | May 19, 2015 | S | 81,700 | $198.1371 | D | 240,250 | I | By LLC |
| Common Stock | holding | — | — | — | 5,000 | D | ||
| Common StockF5 | holding | — | — | — | 5,580,655 | I | As Trustee | |
| Common StockF6 | holding | — | — | — | 8,105 | D | ||
| Common StockF7 | holding | — | — | — | 11,348 | D | ||
| Common StockF8 | holding | — | — | — | 65,358 | I | By daughter | |
| Common StockF9 | holding | — | — | — | 3,390 | I | As custodian for son | |
| Common StockF10 | holding | — | — | — | 31,160 | I | By son | |
| Common StockF11 | holding | — | — | — | 233 | I | By wife IRA | |
| Common StockF12 | holding | — | — | — | 444 | I | By wife | |
| Common StockF13 | holding | — | — | — | 44,312 | I | By IRA | |
| Common StockF14 | holding | — | — | — | 17,890 | I | By wife as custodian | |
| Common StockF15 | 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)F16 | $187.91 | holding | — | — | — | Apr 30, 2016 | Apr 30, 2025 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F16 | $176.19 | holding | — | — | — | May 1, 2015 | May 1, 2024 | Common stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F16 | $164.62 | holding | — | — | — | May 9, 2014 | May 9, 2023 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F16 | $144.97 | holding | — | — | — | May 3, 2013 | May 3, 2022 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F16 | $115.96 | holding | — | — | — | May 5, 2012 | May 5, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F16 | $94.25 | holding | — | — | — | May 6, 2011 | May 6, 2020 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F16 | $62.80 | holding | — | — | — | May 7, 2010 | May 7, 2019 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F16 | $91.81 | holding | — | — | — | May 8, 2009 | May 8, 2018 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F16 | $74.23 | holding | — | — | — | Aug 2, 2008 | Aug 2, 2017 | Common Stock | 2,500 | 2,500 | D |
| Stock Option (right to buy)F16 | $91.68 | holding | — | — | — | May 3, 2008 | May 3, 2017 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Reporting 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 sold a total of 156,100 shares and, after this sale, owns a total of 643,900 shares.
- F10By son.
- F11By custodian of an IRA for benefit of wife.
- F12By wife.
- F13By custodian of an IRA for benefit of reporting person.
- F14By wife as custodian for son.
- F15Reporting 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.
- F16Stock 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.
- F2Represents weighted average price. These shares were sold at prices ranging between $199.39 and $200.51. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer.
- F3The limited liability company refered to in footnote 1, sold a total of 163,400 shares and, after this sale, owns a total of 480,500 shares.
- F4Represents weighted average price. These shares were sold at prices ranging between $197.00 and $199.40. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer.
- F5By B. Wayne Hughes, Jr., trustee for B. Wayne Hughes, Jr. Living Trust.
- F6By reporting person and wife as joint tenants.
- F7By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.
- F8By daughter.
- F9By reporting person as custodian for son.