SEC Form 4 · accession 0001140361-17-042994
PS BUSINESS PARKS INC/CA · PSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert S Rollo
Director
Period of report
Nov 13, 2017
Accepted (ET)
Nov 15, 2017 · 4:40 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 Stock | Nov 13, 2017 | M | 2,070 | $72.59 | A | 3,372 | D | |
| Common StockF1 | Nov 13, 2017 | S | 2,070 | $135.1949 | D | 1,302 | 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)F2 | $72.59 | Nov 13, 2017 | M | 2,070 | D | Oct 3, 2014 | Oct 3, 2023 | Common Stock | 2,070 | 2,070 | D |
Explanation of responses
- F1Represents weighted average price. These shares were sold at prices ranging between $135.01 and $135.39. 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.
- F2Stock option granted pursuant to the 2012 Equity and Performance-Based Incentive Compensation Plan. This option vests in five (5) equal annual installments beginning one (1) year from the date of grant.