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Public Storage Director's Dealing 2015

Aug 4, 2015

30014_dirs_2015-08-04_d8a80b61-13c3-4b05-aaa4-70f9df03b01c.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: 2015-08-04

Reporting Person: HUGHES B WAYNE JR (Director, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-08-04 Common Stock J 493925 Disposed 5089230 Indirect
2015-08-04 Common Stock J 100 Disposed 8005 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2500 Direct
Common Stock 11348 Direct
Common Stock 44312 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $187.91 2025-04-30 Common Stock (5000) 5000 Direct
Stock Option (right to buy) $176.19 2024-05-01 Common stock (5000) 5000 Direct
Stock Option (right to buy) $164.62 2023-05-09 Common Stock (5000) 5000 Direct
Stock Option (right to buy) $144.97 2022-05-03 Common Stock (5000) 5000 Direct
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

Footnotes

F1: 2,500 shares previously reported as directly owned are now reported as owned by the reporting person as trustee.

F2: Represents transfer of shares to Mrs. Hughes for no consideration. Also the reporting person no longer has a reportable beneficiary interest in shares owned by Mrs. Hughes and his children previously included in reporting person's prior ownership reports.

F3: By B. Wayne Hughes, Jr., trustee for B. Wayne Hughes, Jr. Living Trust.

F4: By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.

F5: By custodian of an IRA for benefit of reporting person.

F6: Stock Options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan, as Amended. Options vest in three (3) equal annual installments beginning one (1) year from the grant date.