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Public Storage Director's Dealing 2010

Apr 19, 2010

30014_dirs_2010-04-19_6cc29fdb-c3fe-46d2-8698-dc813a754d0b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2010-04-15

Reporting Person: SPOGLI RONALD P (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-04-15 Depositary Shares Representing Equity Stock J 121086 $24.50 Disposed 0 Indirect
2010-04-15 Depositary Shares Representing Equity Stock J 14420 $24.50 Disposed 0 Indirect
2010-04-15 Depositary Shares Representing Equity Stock J 1353 $24.50 Disposed 0 Indirect
2010-04-15 Depositary Shares Representing Equity Stock J 18000 $24.50 Disposed 0 Indirect
2010-04-15 Depositary Shares Representing Equity Stock J 14200 $24.50 Disposed 0 Indirect
2010-04-15 Depositary Shares Representing Equity Stock J 2000 $24.50 Disposed 0 Indirect
2010-04-15 Depositary Shares Representing Equity Stock J 1400 $24.50 Disposed 0 Indirect
2010-04-15 Depositary Shares Representing Equity Stock J 1400 $24.50 Disposed 0 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $82.19 2020-02-26 Common Stock (15000) 15000 Direct

Footnotes

F1: By Ronald P. Spogli, as trustee of the Ronald P. Spogli Trust.

F2: By a custodian of an IRA Rollover for benefit of reporting person.

F3: By a custodian of an IRA for benefit of reporting person.

F4: Shares owned by the Spogli Family Foundation.

F5: RSF Private Investments LLC, of which the reporting person is the managing member.

F6: By wife.

F7: By Ronald P. Spogli, as trustee of the Katherine Anne Wardlaw Trust U/W.

F8: By Ronald P. Spogli, as trustee of the William Michael Wardlaw Jr. Trust

F9: Stock Options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan; options vest in 3 equal annual installments beginning 1 year from date of grant.

F10: On April 15, 2010, Public Storage redeemed all its outstanding depositary shares representing interests in its Equity Shares, Series A at $24.50 per share.