SEC Form 4 · accession 0001140361-18-009044
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald L Havner Jr.
Officer — Chairman & CEO · Director
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:21 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 | Feb 15, 2018 | F | 2,409 | $190.48 | D | 152,987 | D | |
| Common StockF2,F3 | holding | — | — | — | 110,484 | 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)F4 | $226.24 | holding | — | — | — | Feb 22, 2018 | Feb 22, 2027 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (right to buy)F5 | $233.61 | holding | — | — | — | Feb 15, 2017 | Feb 15, 2026 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (right to buy)F5 | $198.79 | holding | — | — | — | Feb 19, 2016 | Feb 19, 2025 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (right to buy)F5 | $166.71 | holding | — | — | — | Feb 20, 2015 | Feb 20, 2024 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (right to buy)F5 | $152.01 | holding | — | — | — | Feb 21, 2014 | Feb 21, 2023 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (right to buy)F6 | $50.30 | holding | — | — | — | Mar 2, 2010 | Mar 2, 2019 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1All are restricted share units. Mr. Havner has postponed receipt of 10,000 shares of vested restricted stock units granted on February 19, 2015 with an original vesting date of April 1, 2016, for receipt in 10 equal installments over 10 years starting on each April 1, 2021 to April 1, 2030.
- F23,841 of these shares were previously held directly by the reporting person.
- F3By Ronald L. Havner, Jr. and LeeAnn R. Havner, Trustees of the Havner Family Trust.
- F4Stock Option granted pursuant to the 2016 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.
- F5Stock 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 date of grant.
- F6Stock Option granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan, as amended. Option vests in three (3) equal annual installments beginning one (1) year from the date of grant.