SEC Form 4 · accession 0001140361-15-021515
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 20, 2015
Accepted (ET)
May 22, 2015 · 3:04 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 StockF17 | holding | — | — | — | 5,000 | D | ||
| Common StockF1,F7 | holding | — | — | — | 5,580,655 | I | As Trustee | |
| Common StockF8 | holding | — | — | — | 8,105 | D | ||
| Common StockF9 | holding | — | — | — | 11,348 | D | ||
| Common StockF10 | holding | — | — | — | 65,358 | I | By daughter | |
| Common StockF11 | holding | — | — | — | 3,390 | I | As custodian for son | |
| Common StockF12 | holding | — | — | — | 31,160 | I | By son | |
| Common StockF13 | holding | — | — | — | 233 | I | By wife IRA | |
| Common StockF14 | holding | — | — | — | 444 | I | By wife | |
| Common StockF15 | holding | — | — | — | 44,312 | I | By IRA | |
| Common StockF16 | holding | — | — | — | 17,890 | I | By wife as custodian | |
| Common StockF17 | 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)F18 | $187.91 | holding | — | — | — | Apr 30, 2016 | Apr 30, 2025 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F18 | $176.19 | holding | — | — | — | May 1, 2015 | May 1, 2024 | Common stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F18 | $164.62 | holding | — | — | — | May 9, 2014 | May 9, 2023 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F18 | $144.97 | holding | — | — | — | May 3, 2013 | May 3, 2022 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F18 | $115.96 | holding | — | — | — | May 5, 2012 | May 5, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F18 | $94.25 | holding | — | — | — | May 6, 2011 | May 6, 2020 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F18 | $62.80 | holding | — | — | — | May 7, 2010 | May 7, 2019 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F18 | $91.81 | holding | — | — | — | May 8, 2009 | May 8, 2018 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F18 | $74.23 | holding | — | — | — | Aug 2, 2008 | Aug 2, 2017 | Common Stock | 2,500 | 2,500 | D |
| Stock Option (right to buy)F18 | $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 279,000 shares and, after this sale, owns a total of 201,500 shares.
- F10By daughter.
- F11By reporting person as custodian for son.
- F12By son.
- F13By custodian of an IRA for benefit of wife.
- F14By wife.
- F15By custodian of an IRA for benefit of reporting person.
- F16By wife as custodian for son.
- F17Reporting 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.
- F18Stock 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 refered 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 $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.
- F5The limited liability company refered to in footnote 1, sold a total of 71,732 shares and, after this sale, 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 B. Wayne Hughes, Jr., trustee for B. Wayne Hughes, Jr. Living Trust.
- F8By reporting person and wife as joint tenants.
- F9By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.