SEC Form 4 · accession 0001140361-16-086116
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
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 11:46 am 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 | Nov 10, 2016 | M | 60,000 | $97.47 | A | 237,150 | D | |
| Common StockF2,F1 | Nov 10, 2016 | S | 60,000 | $216.3191 | D | 177,150 | 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 | $97.47 | Nov 10, 2016 | M | 60,000 | D | Mar 15, 2008 | Mar 15, 2017 | Common Stock | 60,000 | 50,000 | D |
Explanation of responses
- F1Includes 102,000 restricted share units.
- F2Represents weighted average purchase price. These shares were sold at prices ranging between $214.06 and $218.11. 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 2001 Stock Option and Incentive Plan. Option vested in eight (8) annual installments beginning one (1) year from date of grant.