SEC Form 4 · accession 0001140361-15-034812
PS BUSINESS PARKS INC/CA · PSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maria R Hawthorne
Officer — President
Period of report
Sep 8, 2015
Accepted (ET)
Sep 10, 2015 · 5:27 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 | Sep 8, 2015 | M | 16,550 | $50.63 | A | 34,411 | D | |
| Common StockF2,F1 | Sep 8, 2015 | S | 16,550 | $74.0194 | D | 17,861 | D | |
| Common StockF3,F1 | Sep 8, 2015 | S | 7,000 | $74.0161 | D | 10,861 | D | |
| Common StockF4 | holding | — | — | — | 10,002 | I | By 401(k) Plan |
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)F5,F6 | $50.63 | Sep 8, 2015 | M | 16,550 | D | Mar 15, 2011 | Mar 15, 2020 | Common Stock | 16,550 | 0 | D |
Explanation of responses
- F1Includes 7,200 restricted stock units.
- F2Represents weighted average price. These shares were sold at prices ranging between $73.8650 and $74.19. 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.
- F3Represents weighted average price. These shares were sold at prices ranging between $73.87 and $74.18. 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.
- F4401(k) plan units that represent interest in common stock; based on plan information as of September 8, 2015. There is not a one to one correlation between units and shares.
- F5Stock option granted pursuant to the 2003 Stock Option and Incentive Plan.
- F6This option was previously reported as an option for 40,000 shares of common stock at an exercise price of $52.35, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.