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Public Storage Director's Dealing 2014

Feb 21, 2014

30014_dirs_2014-02-21_55797cc8-3ad5-4e2c-be52-09245c29fce5.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: 2014-02-20

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-02-20 Common Stock A 40000 Acquired 122826 Direct
2014-02-20 Common Stock F 1148 $166.71 Disposed 121678 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-02-20 Stock Option (right to buy) $166.71 A 100000 Acquired 2024-02-20 Common Stock (100000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 61615.9075 Indirect

Footnotes

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

F2: Includes 71,625 restricted share units.

F3: 401(k) plan units that represent interests in common stock; based on plan information as of October 16, 2012. There is not a one to one correlation between units and shares.

F4: 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.