SEC Form 4 · accession 0001140361-15-021507
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tamara Hughes Gustavson
Director · 10% Owner
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 2:55 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 20, 2015 | S | 139,500 | $196.7298 | D | 100,750 | I | By LLC |
| Common StockF3,F4 | May 21, 2015 | S | 64,884 | $195.2724 | D | 35,866 | I | By LLC |
| Common StockF5,F6 | May 22, 2015 | S | 35,866 | $195.3892 | D | 0 | I | By LLC |
| Common StockF7 | holding | — | — | — | 2,500 | I | As custodian | |
| Common StockF8 | holding | — | — | — | 11,348 | D | ||
| Common StockF9 | holding | — | — | — | 17,890 | I | By husband as custodian | |
| Common StockF10 | holding | — | — | — | 17,890 | I | By husband as custodian | |
| Common Stock | holding | — | — | — | 16,327,449 | D | ||
| Common StockF11 | holding | — | — | — | 27,343 | I | by IRA | |
| Common StockF12 | holding | — | — | — | 1,300 | I | By husband | |
| Common StockF13 | holding | — | — | — | 5,500 | D | ||
| Common StockF14 | holding | — | — | — | 375,000 | I | By son | |
| Common StockF15 | holding | — | — | — | 375,000 | I | By trust | |
| Common StockF16 | holding | — | — | — | 1,000,000 | I | By husband 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)F17 | $187.91 | holding | — | — | — | Apr 30, 2016 | Apr 30, 2025 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F17 | $176.19 | holding | — | — | — | May 1, 2015 | May 1, 2024 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F17 | $164.42 | holding | — | — | — | May 9, 2014 | May 9, 2023 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F17 | $144.97 | holding | — | — | — | May 3, 2013 | May 3, 2022 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F17 | $115.96 | holding | — | — | — | May 5, 2012 | May 5, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock Options (right to buy)F17 | $94.25 | holding | — | — | — | May 6, 2011 | May 6, 2020 | Common Stock | 5,000 | 5,000 | D |
| Stock Options (right to buy)F17 | $62.80 | holding | — | — | — | May 7, 2010 | May 7, 2019 | Common Stock | 5,000 | 5,000 | D |
| Stock Options (right to buy)F17 | $70.72 | holding | — | — | — | Nov 25, 2009 | Nov 25, 2018 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Reporting person is the successor trustee of two trusts for the benefit of her children that own a 50% interest in a limited liability company that sold a total of 279,000 shares and, after this sale, owns a total of 201,500 shares.
- F10By husband as custodian for daughter.
- F11By custodian of an IRA for benefit of reporting person.
- F12By husband.
- F13By reporting person and husband.
- F14By son. Previously reported as owned by husband as trustee of a charitable lead annuity trust.
- F15By trust for the benefit of daughter. Previously reported as owned by husband as trustee of a charitable lead annuity trust.
- F16By husband as trustee of charitable lead annuity trust.
- F17Stock 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 $196.15 and $198.00. 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 referred to in footnote 1, sold a total of 129,768 shares and, after this sale, owns a total of 71,732 shares.
- F4Represents weighted average price. These shares were sold at prices ranging between $195.00 and $197.0575. 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.
- F5The limited liability company referred to in footnote 1, sold a total of 71,732 shares and, after this sale, it no longer owns any shares.
- F6Represents weighted average price. These shares were sold at prices ranging between $195.00 and $196.18. 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.
- F7By reporting person as custodian for son.
- F8By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.
- F9By husband as custodian for son.