Extra Space Storage Inc. — Director's Dealing 2016

Dec 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2016-11-29

Reporting Person: Kirk Spencer (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-29	Common Stock	G	145000	$71.565	Disposed	589430	Direct
2016-12-05	Common Stock	M	75000	$15.07	Acquired	664430	Direct
2016-12-05	Common Stock	S	20000	$69.4339	Disposed	2092276	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-05	Stock Options	$15.07	M	75000	Disposed	2017-09-06	Common Stock (75000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	123215	Indirect

Footnotes

F1: Sale occurred pursuant to a 10b5-1 plan entered into by Mr. Kirk on November 3, 2016.

F2: The reporting person disclaims beneficial ownership in the common stock held by Krispen Family Holdings, L.C., except to the extent of his pecuniary interest therein.

F3: The reporting person disclaims beneficial ownership in the common stock held by The Kirk 101 Trust, except to the extent of his pecuniary interest therein.

F4: Closing stock price on November 29, 2016 was $70.85. Average hi / low price for same day was $71.565.