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Public Storage Director's Dealing 2013

May 23, 2013

30014_dirs_2013-05-23_95e3e42a-afa9-4f2d-92e4-74e7e8489478.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: 2013-05-22

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-05-22 Common Stock M 900 $122.45 Acquired 11670 Direct
2013-05-22 Common Stock S 900 $168.0733 Disposed 10770 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-05-22 Stock Option (right to buy) $122.45 M 900 Disposed 2021-08-29 Common Stock (900) Direct

Footnotes

F1: Includes 10,375 restricted share units.

F2: Represents weighted average price. These shares were sold at prices ranging between $168.00 and $168.66. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F3: Stock Options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan. Options vest in five (5) equal annual installments beginning one (1) year from date of grant.