Public Storage — Director's Dealing 2015

Aug 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2015-08-07

Reporting Person: KROL CANDACE N. (CHRO & SVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-07	Common Stock	M	5000	$97.47	Acquired	45346	Direct
2015-08-07	Common Stock	S	5000	$207.50	Disposed	40346	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-07	Stock Option (right to buy)	$97.47	M	5000	Disposed	2017-03-15	Common Stock (5000)	Direct

Footnotes

F1: Includes 18,550 restricted share units.

F2: Stock Option granted pursuant to the 2001 Stock Option and Incentive Plan. Options vest in eight (8) equal annual installments beginning one (1) year from the date of grant.