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Public Storage Director's Dealing 2010

Jan 13, 2010

30014_dirs_2010-01-13_932606bd-f8c0-4908-946f-02204968ff17.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: 2010-01-11

Reporting Person: HAVNER RONALD L JR (Director, VICE CHAIRMAN & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-01-11 Depositary Shares Representing Equity Stock S 4348 $25.20 Disposed 33265 Indirect
2010-01-11 Depositary Shares Representing Equity Stock S 300 $25.23 Disposed 32965 Indirect
2010-01-11 Depositary Shares Representing Equity Stock S 323 $25.231 Disposed 32642 Indirect
2010-01-12 Depositary Shares Representing Equity Stock S 400 $25.17 Disposed 32242 Indirect
2010-01-12 Depositary Shares Representing Equity Stock S 1000 $25.171 Disposed 31242 Indirect
2010-01-12 Depositary Shares Representing Equity Stock S 8600 $25.15 Disposed 22642 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 35000 Indirect
Common Stock 300 Indirect
Depositary Shares Representing Equity Stock 250 Indirect
Depositary Shares Representing Series G Preferred Stock 1950 Indirect
Depositary Shares Representing Series G Preferred Stock 9970 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $50.30 2018-03-02 Common Stock (200000) 200000 Direct
Stock Option (right to buy) $81.81 2017-12-08 Common Stock (83000) 83000 Direct
Stock Option (right to buy) $95.18 2016-12-08 Common Stock (83000) 83000 Direct
Stock Option (right to buy) $69.87 2015-12-08 Common Stock (83000) 83000 Direct
Stock Option (right to buy) $56.12 2014-12-08 Common Stock (166000) 166000 Direct
Stock Option (right to buy) $30.10 2012-11-07 Common Stock (45150) 45150 Direct

Footnotes

F1: By Ronald L. Havner, Jr. and LeeAnn R. Havner, Trustees of the Havner Family Trust.

F2: By Ronald L. Havner, Jr. for benefit of son.

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

F4: Share 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.

F5: By a custodian of an IRA for benefit of reporting person's wife.

F6: By Ronald L. Havner, Jr. for benefit of daughter.