Extra Space Storage Inc. — Director's Dealing 2011

Aug 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2011-08-01

Reporting Person: Margolis Joseph D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-01	Common Stock	M	35000	—	Acquired	57399	Direct
2011-08-01	Common Stock	M	35000	$21.26	Disposed	22399	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-01	Stock Options	$	M	35000	Disposed		Common Stock (35000)	Direct

Footnotes

F1: 30,000 shares purchased at $13.65 per share (exercise price of the option) and 5,000 shares purchased at $12.85 per share (exercise price of the option).

F2: Options vest ratably over four years from the option grant date.

F3: Options expire 10 years from the date of grant.