SEC Form 4 · accession 0001140361-17-011259
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
Mar 8, 2017
Accepted (ET)
Mar 9, 2017 · 5:49 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 | Mar 8, 2017 | M | 65,000 | $80.48 | A | 254,210 | D | |
| Common StockF2,F1 | Mar 8, 2017 | S | 65,000 | $225.0942 | D | 189,210 | 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 | $80.48 | Mar 8, 2017 | M | 65,000 | D | Feb 27, 2009 | Feb 27, 2018 | Common Stock | 65,000 | 185,000 | D |
Explanation of responses
- F1Includes 102,000 restricted share units.
- F2Represents weighted average purchase price. These shares were sold at prices ranging between $224.00 and $226.07. 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 2007 Equity and Performance-Based Incentive Compensation Plan, as amended. Option vests in five (5) equal annual installments beginning one (1) year from the grant date.