SEC Form 4 · accession 0001140361-15-020891
PS BUSINESS PARKS INC/CA · PSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph D Russell Jr.
Officer — PRESIDENT / CEO · Director
Period of report
May 18, 2015
Accepted (ET)
May 19, 2015 · 3:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000866368
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 18, 2015 | M | 7,000 | $50.63 | A | 55,618 | D | |
| Common StockF2,F1 | May 18, 2015 | S | 7,000 | $75.9989 | D | 48,618 | 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 | $50.63 | May 18, 2015 | M | 7,000 | D | Mar 15, 2011 | Mar 15, 2020 | Common Stock | 7,000 | 28,186 | D |
Explanation of responses
- F1Includes 14,899 restricted stock units.
- F2Represents weighted average price. These shares were sold at prices ranging between $75.75 and $76.24. Full information regarding the number of shares sold 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 2003 Stock Option and Incentive Plan.