Public Storage — Director's Dealing 2012

Aug 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2012-08-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-29	Common Stock	F	230	$143.66	Disposed	4770	Direct

Holdings (Derivative)

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

Footnotes

F1: Includes 4,375 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.