SEC Form 4 · accession 0001567619-18-007237
PS BUSINESS PARKS INC/CA · PSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maria R Hawthorne
Officer — President and CEO · Director
Period of report
Nov 30, 2018
Accepted (ET)
Dec 3, 2018 · 4:45 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 30, 2018 | M | 10,000 | $105.76 | A | 89,509 | D | |
| Common StockF2,F1 | Nov 30, 2018 | S | 10,000 | $140.9606 | D | 79,509 | D | |
| Common StockF3 | holding | — | — | — | 1,472 | 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 | Nov 30, 2018 | M | 10,000 | D | Jul 1, 2017 | Jul 1, 2026 | Common Stock | 10,000 | 15,000 | D |
Explanation of responses
- F1Includes 58,000 restricted stock units.
- F2Represents weighted average sale price. These shares were sold at prices ranging between $140.73 and $141.23. 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.
- F3Shares of common stock owned by reporting person in 401(k) plan as of 11/26/18.
- F4Stock option granted pursuant to the 2012 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from date of grant.