Extra Space Storage Inc. — Director's Dealing 2011

Mar 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2011-03-01

Reporting Person: Christensen Kent (Executive VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-01	Common Stock	M	100000	$12.50	Acquired	443394	Direct
2011-03-01	Common Stock	M	31250	$6.22	Acquired	474644	Direct
2011-03-01	Common Stock	S	152500	$19.5068	Disposed	322144	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-01	Stock Options	$12.50	M	100000	Disposed	2014-08-12	Common Stock (100000)	Direct
2011-03-01	Stock Options	$6.22	M	31250	Disposed	2019-02-17	Common Stock (31250)	Direct

Footnotes

F1: Options are exercisable ratably over four years beginning on the first anniversary of the date of grant.