Extra Space Storage Inc. — Director's Dealing 2011

Nov 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2011-11-04

Reporting Person: Woolley Kenneth M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-04	Common Stock	M	74400	$12.50	Acquired	1635979	Direct
2011-11-04	Common Stock	M	74400	$22.86	Disposed	1561579	Direct
2011-11-07	Common Stock	M	25600	$12.50	Acquired	1587179	Direct
2011-11-07	Common Stock	M	25600	$22.85	Disposed	1561579	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-04	Stock Option	$12.50	M	74400	Disposed		Common Stock (74400)	Direct
2011-11-07	Stock Option	$12.50	M	25600	Disposed		Common Stock (25600)	Direct

Footnotes

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

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