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Public Storage — Director's Dealing 2017
Mar 14, 2017
30014_dirs_2017-03-14_539098be-840f-40b5-bb4b-a7f35e3c6907.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: 2017-03-10
Reporting Person: HAVNER RONALD L JR (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-10 | Common Stock | M | 43000 | $81.81 | Acquired | 149643 | Indirect |
| 2017-03-10 | Common Stock | S | 43000 | $220.0463 | Disposed | 106643 | Indirect |
| 2017-03-14 | Common Stock | M | 40000 | $81.81 | Acquired | 146643 | Indirect |
| 2017-03-14 | Common Stock | S | 40000 | $218.9514 | Disposed | 106643 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-10 | Stock Option (right to buy) | $81.81 | M | 43000 | Disposed | 2017-12-08 | Common Stock (43000) | Indirect |
| 2017-03-14 | Stock Option (right to buy) | $81.81 | M | 40000 | Disposed | 2017-12-08 | Common Stock (40000) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 159237 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $226.24 | 2027-02-22 | Common Stock (100000) | 100000 | Direct |
| Stock Option (right to buy) | $233.61 | 2026-02-15 | Common Stock (100000) | 100000 | Direct |
| Stock Option (right to buy) | $198.79 | 2025-02-19 | Common Stock (100000) | 100000 | Direct |
| Stock Option (right to buy) | $166.71 | 2024-02-20 | Common Stock (100000) | 100000 | Direct |
| Stock Option (right to buy) | $152.01 | 2023-02-21 | Common Stock (100000) | 100000 | Direct |
| Stock Option (right to buy) | $50.30 | 2019-03-02 | Common Stock (100000) | 100000 | Direct |
Footnotes
F1: By Ronald L. Havner, Jr. and LeeAnn R. Havner, Trustees of the Havner Family Trust.
F2: Represents weighted average sale price. These shares were sold at prices ranging between $220.00 and $220.14. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F3: Represents weighted average sale price. These shares were sold at prices ranging between $218.75 and $219.315. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F4: All are restricted share units. Mr. Havner has postponed receipt of 10,000 shares of vested restricted stock units granted on February 19, 2015 with an original vesting date of April 1, 2016, for receipt in 10 equal installments over 10 years starting on each April 1, 2021 to April 1, 2030.
F5: Stock Option granted pursuant to the 2016 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.
F6: Stock Option granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan, as amended. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.
F7: Stock Option granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan, as amended. Option vests in three (3) equal annual installments beginning one (1) year from the date of grant.