SEC Form 4 · accession 0001140361-16-090096
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
B Wayne Hughes Jr.
Director · 10% Owner
Period of report
Dec 15, 2016
Accepted (ET)
Dec 16, 2016 · 6:21 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,F2 | Dec 15, 2016 | G | 34,320 | $0.00 | D | 5,034,127 | I | By Living Trust |
| Common StockF3 | holding | — | — | — | 11,348 | D | ||
| Common StockF4 | holding | — | — | — | 44,312 | I | By IRA | |
| Common StockF5 | holding | — | — | — | 22,100 | I | As Trustee |
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)F6 | $258.49 | holding | — | — | — | Apr 25, 2017 | Apr 25, 2026 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $187.91 | holding | — | — | — | Apr 30, 2016 | Apr 30, 2025 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $176.19 | holding | — | — | — | May 1, 2015 | May 1, 2024 | Common stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $164.62 | holding | — | — | — | May 9, 2014 | May 9, 2023 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $144.97 | holding | — | — | — | May 3, 2013 | May 3, 2022 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $115.96 | holding | — | — | — | May 5, 2012 | May 5, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $94.25 | holding | — | — | — | May 6, 2011 | May 6, 2020 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $62.80 | holding | — | — | — | May 7, 2010 | May 7, 2019 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $91.81 | holding | — | — | — | May 8, 2009 | May 8, 2018 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1Includes 5,000 shares previously reported as directly owned.
- F2By reporting person as trustee for the B. Wayne Hughes, Jr. Living Trust.
- F3By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.
- F4By custodian of an IRA for benefit of reporting person.
- F5By reporting person as a trustee of a trust for the benefit of reporting person's son.
- F6Stock Options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan, as Amended. Options vest in three (3) equal annual installments beginning one (1) year from the grant date.