Public Storage — Director's Dealing 2017

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2017-03-01

Reporting Person: DOLL DAVID F (SENIOR VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-01	Common Stock	F	783	$229.33	Disposed	51650	Direct
2017-03-02	Common Stock	A	12000	$0.00	Acquired	63650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-02	Stock Option (right to buy)	$226.97	A	25000	Acquired	2027-03-02	Common Stock (25000)	Direct

Footnotes

F1: Includes 23,700 restricted share units.

F2: Award of restricted share units that vest in eight (8) equal annual installments beginning one (1) year from the date of grant.

F3: Includes 35,700 restricted share units.

F4: 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.