Extra Space Storage Inc. — Director's Dealing 2011

Dec 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2011-12-12

Reporting Person: Woolley Kenneth M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-12	Common Stock	M	56250	$14.61	Acquired	1617829	Direct
2011-12-12	Common Stock	M	50000	$12.50	Acquired	1667829	Direct
2011-12-12	Common Stock	M	106250	$23.465	Disposed	1561579	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-12	Stock Option	$12.50	M	50000	Disposed		Common Stock (50000)	Direct
2011-12-12	Stock Option	$14.61	M	56250	Disposed		Common Stock (56250)	Direct

Footnotes

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

F2: Options expire 10 years from the option grant date.