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Public Storage Director's Dealing 2010

Mar 19, 2010

30014_dirs_2010-03-19_ba847a63-f6a4-444f-ba81-4ab749496602.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: 2010-03-18

Reporting Person: ANGELOFF DANN V (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-03-18 Common Stock M 2500 $43.33 Acquired 52500 Indirect
2010-03-18 Common Stock M 2500 $60.06 Acquired 55000 Indirect
2010-03-18 Common Stock S 5000 $91.64 Disposed 50000 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-03-18 Stock Option (right to buy) $60.06 M 2500 Disposed 2015-05-05 Common Stock (2500) Indirect
2010-03-18 Stock Option (right to buy) $43.33 M 2500 Disposed 2014-05-06 Common (2500) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3600 Indirect
Depositary Shares Representing Equity Stock 12930 Indirect
Depositary Shares Representing Equity Stock 28850 Indirect
Depositary Shares Representing Equity Stock 1300 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $62.80 2019-05-07 Common Stock (5000) 5000 Indirect
Stock Option (right to buy) $91.81 2018-05-08 Common Stock (5000) 5000 Indirect
Stock Option (right to buy) $74.23 2017-08-02 Common Stock (2500) 2500 Indirect
Stock Option (right to buy) $91.68 2017-05-03 Common Stock (2500) 2500 Indirect
Stock Option (right to buy) $85.50 2016-08-22 Common Stock (2500) 2500 Indirect

Footnotes

F1: By Dann V. Angeloff, trustee of the Angeloff Family LP.

F2: By Donaldson, Lufkin & Jenrette as custodian of an IRA for benefit of self.

F3: Stock Options granted pursuant to the 2001 Stock Option and Incentive Plan; vests in 3 equal annual installments beginning 1 year from date of grant.

F4: By The Angeloff Company, a corporation wholly owned by the reporting person.

F5: 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 grant date.

F6: Represents weighted average purchase price. These shares were sold at prices ranging between $91.39 and $91.90. Full information regarding the number of shares purchased at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.