Public Storage — Director's Dealing 2010

Sep 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2010-09-08

Reporting Person: GOOD MARK (SR. VP, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-08	Common Stock	F	459	$102.40	Disposed	9094	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Depositary Shares Representing Series M Preferred Stock	1109	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$50.30	2019-03-02	Common Stock (50000)	50000	Direct
Stock Option (right to buy)	$93.10	2018-09-08	Common Stock (75000)	75000	Direct

Footnotes

F1: Includes 7,500 restricted stock units.

F2: Stock Options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan; options vest in 5 equal annual installments beginning 1 year from date of grant.