SEC Form 4 · accession 0001140361-16-057839
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Candace N. Krol
Officer — CHRO & SVP
Period of report
Mar 11, 2016
Accepted (ET)
Mar 15, 2016 · 4:21 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 | Mar 11, 2016 | M | 15,000 | $184.85 | A | 61,346 | D | |
| Common StockF2,F1 | Mar 11, 2016 | S | 15,000 | $255.0036 | D | 46,346 | 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 11, 2016 | M | 15,000 | D | Dec 31, 2015 | Dec 31, 2024 | Common Stock | 15,000 | 60,000 | D |
Explanation of responses
- F1Includes 17,400 restricted share units.
- F2Represents weighted average sale price. These shares were sold at prices ranging between $255.00 and $255.13. 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.
- 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.