SEC Form 4 · accession 0001140361-16-085417
PS BUSINESS PARKS INC/CA · PSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer Holden Dunbar
Director
Period of report
Nov 7, 2016
Accepted (ET)
Nov 8, 2016 · 5:02 pm EST
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 | Nov 7, 2016 | M | 1,000 | $34.00 | A | 1,000 | D | |
| Common Stock | Nov 7, 2016 | S | 1,000 | $107.194 | D | 0 | D | |
| Common StockF2 | holding | — | — | — | 2,925 | I | As Trustee | |
| Depositary Shares Representing Serites T Preferred StockF3 | holding | — | — | — | 400 | I | As Trustee | |
| Depositary Shares Representing Series R Preferred StockF4 | holding | — | — | — | 1,800 | 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)F5,F6 | $34.00 | Nov 7, 2016 | M | 1,000 | D | Feb 23, 2010 | Feb 23, 2019 | Common Stock | 1,000 | 5,721 | D |
Explanation of responses
- F1On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anti-dilution provisions of PSB's 2003 Stock Option and Incentive Plan, an option for 6,500 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 221 shares of common stock.
- F2By reporting person and her husband as trustees of the Lilac II Trust.
- F3By reporting person as trustee of the Jean M. Holden Revocable Trust.
- F4By reporting person as trustee of Magnolia I Trust.
- F5Stock Option granted pursuant to the 2003 Stock Option and Incentive Plan. The option vested in five (5) equal annual installments beginning one (1) year from the date of grant.
- F6This option was previously reported as an option for 6,500 shares of common stock at an exercise price of $35.16, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.