Extra Space Storage Inc. — Director's Dealing 2011

Mar 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2011-03-08

Reporting Person: Stubbs P Scott (Senior VP Accounting)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-08	Common Stock	M	22500	$12.50	Acquired	118059	Direct
2011-03-08	Common Stock	S	22500	$20.10	Disposed	95559	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-08	Stock Options	$12.50	M	22500	Disposed	2014-08-12	Common Stock (22500)	Direct

Footnotes

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

F2: Options expire 10 years after the grant date.

F3: 22,500 Stock Options exercised (purchased)at $12.50 per share.