Public Storage — Director's Dealing 2017

Sep 29, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2017-06-20

Reporting Person: HUGHES B WAYNE ET AL (10% Owner, Chairman Emeritus)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-28	Depositary Shares Representing Series T Preferred Stock	J	1607	$25.00	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1240386	Indirect
Common Stock	994	Indirect
Common Stock	9000	Indirect

Footnotes

F1: By B. Wayne Hughes, trustee for B.W. Hughes Living Trust dated 6/3/77 (the "Living Trust").

F2: By custodian of an IRA for the reporting person's benefit.

F3: Reporting person is deemed to have acquired beneficial ownership of these shares upon his marriage to the owner of the shares. The shares are the separate property of reporting person's wife, and reporting person disclaims any economic interest in the shares.

F4: The reported securities were called for redemption by the issuer at $25.00 per share.

F5: By custodian of an IRA for the benefit of the reporting person's wife.