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Public Storage Director's Dealing 2012

May 4, 2012

30014_dirs_2012-05-04_d773e935-7f0b-41ad-b778-8cca2dcdad1e.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: 2012-05-03

Reporting Person: Pruitt Gary E (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-05-03 Stock Option (right to buy) $144.97 A 0 Acquired 2022-05-03 Common Stock (5000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1350 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $115.96 2021-05-05 Common Stock (5000) 5000 Direct
Stock Option (right to buy) $94.25 2020-05-06 Common Stock (5000) 5000 Direct
Stock Option (right to buy) $62.80 2019-05-07 Common Stock (5000) 5000 Direct
Stock Option (right to buy) $91.81 2018-05-08 Common Stock (5000) 5000 Direct
Stock Option (right to buy) $74.23 2017-08-02 Common Stock (2500) 2500 Direct
Stock Option (right to buy) $91.68 2017-05-03 Common Stock (2500) 2500 Direct
Stock Option (right to buy) $85.50 2016-08-22 Common Stock (15000) 15000 Direct
Stock Option (right to buy) $51.35 2015-08-22 Common Stock (8200) 8200 Direct
Stock Option (right to buy) $70.38 2015-08-22 Common Stock (4920) 4920 Direct

Footnotes

F1: Stock Options granted pursuant to the 2001 Stock Option and Incentive Plan; options vest in 3 equal annual installments beginning 1 year from date of grant.

F2: Received in the merger (the Merger) of Shurgard Storage Centers, Inc. (SHU) into an affiliate of Public Storage (PSA) in exchange for an employee stock option to acquire 10,000 shares of SHU Class A common stock for $42.10 per share.

F3: Received in the Merger in exchange for an employee stock option to acquire 6,000 shares of SHU Class A common stock for $57.71 per share.

F4: 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 date of grant.