Public Storage — Director's Dealing 2011

Sep 2, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2011-08-29

Reporting Person: Weidmann Shawn (Sr. Vice President & COO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$122.45	2021-08-29	Common Stock (100000)		Direct

Footnotes

F1: Includes 5,000 restricted share units awarded pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan (2007 Plan) that vest in eight equal annual installments beginning on August 29, 2012.

F2: Stock Options granted pursuant to the 2007 Plan; options vest in five equal annual installments beginning 1 year from date of grant.