Public Storage — Director's Dealing 2014

Mar 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2014-02-27

Reporting Person: REYES JOHN (SENIOR VICE PRESIDENT / CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-27	Common Stock	F	193	$166.54	Disposed	121485	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	64124.9585	Indirect

Footnotes

F1: Includes 71,250 restricted share units.

F2: 401(k) plan units that represent interests in common stock; based on plan information as of February 28, 2014. There is not a one to one correlation between units and shares.