SEC Form 4 · accession 0001140361-18-035583
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
Aug 2, 2018
Accepted (ET)
Aug 6, 2018 · 4:07 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 Stock | Aug 2, 2018 | M | 1,721 | $34.00 | A | 1,721 | D | |
| Common StockF1 | Aug 2, 2018 | M | 2,068 | $42.40 | A | 3,789 | D | |
| Common StockF2 | Aug 2, 2018 | S | 2,789 | $128.1773 | D | 0 | D | |
| Common StockF3 | Aug 2, 2018 | G | 1,000 | $0.00 | A | 3,925 | 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)F4 | $34.00 | Aug 2, 2018 | M | 1,721 | D | Feb 23, 2010 | Feb 23, 2019 | Common Stock | 1,721 | 0 | D |
| Stock Option (right to buy)F4,F5 | $42.40 | Aug 2, 2018 | M | 2,068 | D | May 4, 2010 | May 4, 2019 | Common Stock | 2,068 | 0 | 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 68 shares of common stock.
- F2Represents weighted average sale price. These shares were sold at prices ranging from $127.815 to $128.54. 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.
- F3By reporting person and her husband as trustees of the Lilac II Trust.
- F4Stock 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.
- F5This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $43.84, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.