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Public Storage Director's Dealing 2015

Feb 23, 2015

30014_dirs_2015-02-23_fa9b2ffa-eff7-4f6e-91ef-3c19dc9e403a.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: REYES JOHN (SENIOR VICE PRESIDENT / CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-02-19 Common Stock A 40000 Acquired 156835 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 66194.451 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 102,000 restricted share units. Previous versions of this footnote overstated this amount by 2,000 restricted share units.

F3: This amount was previously overstated by 935 shares.

F4: 401(k) plan units that represent interests in common stock; based on plan information as of December 31, 2014. There is not a one to one correlation between units and shares.

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.