SEC Form 4 · accession 0001140361-16-056578
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David F Doll
Officer — SENIOR VICE PRESIDENT
Period of report
Mar 3, 2016
Accepted (ET)
Mar 4, 2016 · 4:14 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 | Mar 3, 2016 | M | 20,000 | $184.85 | A | 74,975 | D | |
| Common StockF2,F1 | Mar 3, 2016 | S | 20,000 | $252.2505 | D | 54,975 | 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)F3 | $184.85 | Mar 3, 2016 | M | 20,000 | D | Dec 31, 2015 | Dec 31, 2024 | Common Stock | 20,000 | 80,000 | D |
Explanation of responses
- F1Includes 31,200 restricted share units.
- F2Represents weighted average purchase price. These shares were sold at prices ranging from $252.00 to $253.31. 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.
- F3Stock 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 the date of grant.