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Extra Space Storage Inc. Director's Dealing 2010

May 11, 2010

30139_dirs_2010-05-11_03d8ec43-abad-41bc-a685-2a7261b553b9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2010-05-05

Reporting Person: SKOUSEN K FRED (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-10 Common Stock M 10000 $12.50 Acquired 37929 Direct
2010-05-10 Common Stock S 7881 $15.91 Disposed 30048 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-05-10 Stock Options $12.50 M 10000 Disposed 2014-08-12 Common Stock (10000) Direct

Footnotes

F1: Options vest ratably over four years from the grant date.

F2: Options expire 10 years after the grant date.

F3: 10,000 Stock Options exercised (purchased) at $12.50 share.