Extra Space Storage Inc. — Director's Dealing 2020

Feb 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2020-02-12

Reporting Person: Sondhi Samrat (Executive VP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-12	Common Stock	A	2435	$112.16	Acquired	74834	Direct
2020-02-12	Common Stock	A	3761	$112.16	Acquired	78595	Direct
2020-02-13	Common Stock	F	1714	$112.32	Disposed	76881	Direct

Footnotes

F1: Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

F2: Represents the number of shares of common stock issued upon the vesting of performance stock units (PSUs). Each PSU represented a contingent right to receive shares of the Issuer common stock. The PSUs were originally granted on March 14, 2017 and were eligible to vest based on the Issuer achievement of certain performance objectives during the three-year performance period ending December 31, 2019. On February 12, 2020, the Compensation Committee of the Board of Directors of the Issuer certified the Issuer achievement relative to the applicable performance objectives and approved the vesting of the PSUs with respect to these shares.

F3: Represents shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of the PSUs.