Public Storage — Director's Dealing 2015

Feb 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2015-02-13

Reporting Person: HARKHAM URI P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-13	Common Stock	M	2500	$91.68	Acquired	2500	Direct
2015-02-13	Common Stock	M	5000	$91.81	Acquired	7500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-13	Stock Option (right to buy)	$91.68	M	2500	Disposed	2017-05-03	Common Stock (2500)	Direct
2015-02-13	Stock Option (right to buy)	$91.81	M	5000	Disposed	2018-05-08	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7937	Indirect
Common Stock	3815	Indirect
Common Stock	12705	Indirect
Common Stock	1667	Indirect

Footnotes

F1: By Uri P. Harkham, Trustee of Harkham Industries, Inc. (DBA Jonathan Martin, Inc.) Profit Sharing Plan dated October 1, 1980.

F2: By Harkham Investments L.P. an affiliated entity of Mr. Harkham.

F3: By Uri P. Harkham, Trustee of Uri Harkham Trust.

F4: By the custodian of an IRA for the benefitof Uri P. Harkham.

F5: Stock Option 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 date of grant.