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Public Storage Director's Dealing 2015

Feb 23, 2015

30014_dirs_2015-02-23_3a7f4b5f-f58f-401b-860b-e5b96bcd8bcc.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: 2015-02-19

Reporting Person: HAVNER RONALD L JR (Director, Chairman & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-02-19 Common Stock A 50000 $0.00 Acquired 144654 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-02-19 Stock Option (right to buy) $198.79 A 100000 Acquired 2025-02-19 Common Stock (100000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 64090 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: On May 20, 2014, the reporting person voluntarily waived his rights to 2,013 restricted share units which were among the restricted share units granted to the reporting person on February 20, 2014, and such restricted share units were cancelled effective as of May 20, 2014.

F3: All are restricted share units.

F4: By Ronald L. Havner, Jr. and LeeAnn R. Havner, Trustees of the Havner Family Trust.

F5: Stock Options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan as Amended. Options vest in five (5) equal annual installments beginning one (1) year from date of grant.