SEC Form 4 · accession 0001140361-15-044721
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Reyes
Officer — SENIOR VICE PRESIDENT / CFO
Period of report
Dec 14, 2015
Accepted (ET)
Dec 16, 2015 · 12:48 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 StockF1 | Dec 14, 2015 | M | 25,000 | $50.30 | A | 173,822 | D | |
| Common StockF2,F1 | Dec 14, 2015 | S | 25,000 | $248.4971 | D | 148,822 | D | |
| Common StockF3,F4 | Dec 14, 2015 | I | 67,791 | $25.046 | D | 0 | I | By 401(k) plan |
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 | $50.30 | Dec 14, 2015 | M | 25,000 | D | Mar 2, 2010 | Mar 2, 2019 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Includes 85,375 restricted share units.
- F2Represents weighted average purchase price. These shares were sold at prices ranging between $248.4385 and $248.67. Full information regarding the number of shares purchased 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.
- F3401(k) plan units that represent interests in common stock; based on plan information as of December 14, 2015. There is not a one to one correlation between units and shares.
- F4Represents per unit price of unitized company stock.
- F5Stock option granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan, as Amended. Options vest in five (5) equal annual installments beginning one (1) year from date of grant.