SEC Form 4 · accession 0001140361-17-000111
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tamara Hughes Gustavson
Director · 10% Owner
Period of report
Dec 6, 2016
Accepted (ET)
Jan 3, 2017 · 3:48 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 Stock | Dec 6, 2016 | G | 69,767 | $0.00 | D | 16,327,445 | D | |
| Common StockF1 | Dec 30, 2016 | J | 295,000 | $0.00 | A | 295,000 | I | By LLC |
| Common StockF2 | holding | — | — | — | 11,348 | D | ||
| Common StockF3 | holding | — | — | — | 17,890 | I | By husband as custodian | |
| Common StockF4 | holding | — | — | — | 27,343 | I | By IRA | |
| Common Stock | holding | — | — | — | 1,300 | I | By husband | |
| Common StockF5 | holding | — | — | — | 5,500 | D | ||
| Common Stock | holding | — | — | — | 895,390 | I | By son | |
| Common StockF6 | holding | — | — | — | 675,000 | I | By custodian | |
| Common StockF7 | holding | — | — | — | 200,000 | I | By LLC |
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)F8 | $258.49 | holding | — | — | — | Apr 25, 2017 | Apr 25, 2026 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F8 | $187.91 | holding | — | — | — | Apr 30, 2016 | Apr 30, 2025 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F8 | $176.19 | holding | — | — | — | May 1, 2015 | May 1, 2024 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F8 | $164.42 | holding | — | — | — | May 9, 2014 | May 9, 2023 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F8 | $144.97 | holding | — | — | — | May 3, 2013 | May 3, 2022 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F8 | $115.96 | holding | — | — | — | May 5, 2012 | May 5, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F8 | $94.25 | holding | — | — | — | May 6, 2011 | May 6, 2020 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F8 | $62.80 | holding | — | — | — | May 7, 2010 | May 7, 2019 | Common Stock | 5,000 | 5,000 | D |
| Stock Option (right to buy)F8 | $70.72 | holding | — | — | — | Nov 25, 2009 | Nov 25, 2018 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Represents contribution of common stock by B. Wayne Hughes to a limited liability company owned by Mr. Hughes and reporting person. Reporting person is the manager of the limited liability company and controls the voting and disposition of the shares. The limited liability company owns substantial assets in addition to these shares.
- F2By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.
- F3By husband as custodian for daughter.
- F4By custodian of an IRA for benefit of reporting person.
- F5By reporting person and husband
- F6By third party custodian for the benefit of daughter.
- F7By limited liability company wholly-owned by daughter.
- F8Stock Option 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.