Public Storage — Director's Dealing 2018

Dec 11, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2018-11-02

Reporting Person: GUSTAVSON TAMARA HUGHES (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-02	Common Stock	G	500000	—	Acquired	16842445	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11348	Direct
Common Stock	17890	Indirect
Common Stock	27343	Indirect
Common Stock	1300	Indirect
Common Stock	5500	Direct
Common Stock	895390	Indirect
Common Stock	875000	Indirect
Common Stock	295000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$193.71	2028-04-25	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$223.93	2027-04-26	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$258.49	2026-04-25	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$187.91	2025-04-30	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$176.19	2024-05-01	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$164.42	2023-05-09	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$144.97	2022-05-03	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$115.96	2021-05-05	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$94.25	2020-05-06	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$62.80	2019-05-07	Common Stock (5000)	5000	Direct

Footnotes

F1: Shares received by reporting person in connection with liquidation of a CLAT for no consideration.

F2: By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.

F3: By husband as custodian for daughter.

F4: By custodian of an IRA for benefit of reporting person.

F5: By reporting person and husband

F6: Includes 200,000 shares previously held by a limited liability company wholly-owned by reporting person's daughter.

F7: By third party custodian for the benefit of daughter.

F8: By LLC of which reporting person is a member and manager.

F9: Stock Option granted pursuant to the 2016 Equity and Performance-Based Incentive Compensation Plan. Option vests in three (3) equal annual installments beginning one (1) year from the grant date.

F10: 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 grant date.