SEC Form 4 · accession 0001140361-15-031108
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
Aug 10, 2015
Accepted (ET)
Aug 11, 2015 · 6:20 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 | Aug 10, 2015 | M | 25,334 | $95.18 | A | 89,424 | I | As Trustee |
| Common StockF2,F1 | Aug 10, 2015 | S | 25,334 | $207.7652 | D | 64,090 | I | As Trustee |
| Common StockF1 | Aug 11, 2015 | M | 40,000 | $95.18 | A | 104,090 | I | As Trustee |
| Common StockF3,F1 | Aug 11, 2015 | S | 40,000 | $209.5161 | D | 64,090 | I | As Trustee |
| Common StockF4 | holding | — | — | — | 127,466 | D |
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,F1 | $95.18 | Aug 10, 2015 | M | 25,334 | D | Dec 8, 2007 | Dec 8, 2016 | Common Stock | 25,334 | 57,666 | I |
| Stock Option (right to buy)F5,F1 | $95.18 | Aug 11, 2015 | M | 40,000 | D | Dec 8, 2007 | Dec 8, 2016 | Common Stock | 40,000 | 17,666 | I |
Explanation of responses
- F1By Ronald L. Havner, Jr. and LeeAnn R. Havner, Trustees of the Havner Family Trust.
- F2Represents weighted average price. These shares were sold at prices ranging between $207.50 and $208.71. 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.
- F3Represents weighted average price. These shares were sold at prices ranging between $208.98 and $210.57. 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.
- F4Includes 110,487 restricted share units.
- F5Stock option granted pursuant to the 2001 Stock Option and Incentive Plan. Option vests in three (3) equal annual installments beginning one (1) year from grant date.