Public Storage — Director's Dealing 2013

Feb 25, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2013-02-20

Reporting Person: KROL CANDACE N. (Sr. VP of Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-20	Common Stock	A	7500	—	Acquired	35484	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$50.30	2019-03-02	Common Stock (30000)	30000	Direct
Stock Option (right to buy)	$80.48	2018-02-27	Common Stock (10000)	34282	Direct
Stock Option (right to buy)	$97.47	2017-03-15	Common Stock (20000)	20000	Direct

Footnotes

F1: Award of restricted share units that vest in 5 equal annual installments beginning 1 year from date of grant.

F2: Includes 24,064 restricted share units.

F3: 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 the date of grant.

F4: Stock Options granted pursuant to the 2001 Stock Option and Incentive Plan.