SEC Form 4 · accession 0001140361-17-035534
PS BUSINESS PARKS INC/CA · PSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sara Grootwassink Lewis
Director
Period of report
Sep 12, 2017
Accepted (ET)
Sep 14, 2017 · 4:57 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 | Sep 12, 2017 | M | 1,377 | $58.82 | A | 4,377 | D | |
| Common StockF2 | Sep 12, 2017 | M | 2,068 | $58.66 | A | 6,445 | D | |
| Common StockF3 | Sep 12, 2017 | S | 3,445 | $134.1949 | D | 3,000 | D | |
| Common StockF1 | Sep 13, 2017 | M | 692 | $58.82 | A | 3,692 | D | |
| Common StockF4 | Sep 13, 2017 | M | 1,000 | $66.00 | A | 4,692 | D | |
| Common StockF5 | Sep 13, 2017 | S | 1,692 | $133.6934 | D | 3,000 | 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)F6,F7 | $58.82 | Sep 12, 2017 | M | 1,377 | D | May 3, 2011 | May 3, 2020 | Common Stock | 1,377 | 692 | D |
| Stock Option (right to buy)F6,F8 | $58.66 | Sep 12, 2017 | M | 2,068 | D | May 2, 2012 | May 2, 2021 | Common Stock | 2,068 | 0 | D |
| Stock Option (right to buy)F6,F7 | $58.82 | Sep 13, 2017 | M | 692 | D | May 3, 2011 | May 3, 2020 | Common Stock | 692 | 0 | D |
| Stock Option (right to buy)F9,F10 | $66.00 | Sep 13, 2017 | M | 1,000 | D | Apr 30, 2013 | Apr 30, 2022 | Common Stock | 1,000 | 1,068 | 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 2,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 69 shares of common stock.
- F10This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $68.25, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
- F2On 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 2,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 68 shares of common stock.
- F3Represents weighted average price. These shares were sold at prices ranging from $133.615 to $134.94. Full information regarding the number of shares purchased 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.
- F4On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Compensation Plan, an option for 2,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 68 shares of common stock.
- F5Represents weighted average price. These shares were sold at prices ranging from $133.5787 to $133.865. Full information regarding the number of shares purchased 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.
- F6Stock Option granted pursuant to the 2003 Stock Option and Incentive Plan. Option vested in five (5) equal annual installments beginning one (1) year from the date of grant.
- F7This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $60.82, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
- F8This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $60.66, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
- F9Stock Option granted pursuant to the 2012 Equity and Performance-Based Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.