SEC Form 4 · accession 0001140361-17-009213
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
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 5:45 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 | Feb 22, 2017 | A | 24,000 | $0.00 | A | 191,820 | 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 | $226.24 | Feb 22, 2017 | A | 60,000 | A | Feb 22, 2018 | Feb 22, 2027 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1Award of restricted share units that vest in eight (8) equal annual installments beginning one (1) year from the date of grant.
- F2Includes 107,000 restricted share units.
- F3Stock option granted pursuant to the 2016 Equity and Performance-Based Incentive Compensation Plan. Options vest in five (5) equal annual installments beginning one (1) year from date of grant.