SEC Form 4 · accession 0001140361-16-071535
PS BUSINESS PARKS INC/CA · PSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maria R Hawthorne
Officer — CEO & President · Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 5, 2016 · 1:57 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,F2 | Jul 1, 2016 | A | 10,000 | $0.00 | A | 30,805 | D | |
| Common StockF3 | holding | — | — | — | 10,217 | 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)F4 | $105.76 | Jul 1, 2016 | A | 25,000 | A | Jul 1, 2017 | Jul 1, 2026 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Award of restricted share units that vest in five (5) equal annual installments beginning one (1) year from the date of grant.
- F2Includes 23,800 restricted stock units.
- F3401(k) plan units that represent interest in common stock; based on plan information as of June 1, 2016. There is not a one to one correlation between units and shares.
- F4Stock option granted pursuant to the 2012 Equity and Performance-Based Incentive Compensation Plan. Options vest in five (5) equal annual installments beginning one (1) year from date of grant.