Public Storage — Director's Dealing 2018

Mar 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2018-02-28

Reporting Person: REYES JOHN (SENIOR VICE PRESIDENT / CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-28	Common Stock	A	12000	—	Acquired	188550	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-28	Stock Option (right to buy)	$194.44	A	60000	Acquired	2028-02-28	Common Stock (60000)	Direct

Footnotes

F1: Award of restricted share units that vest in eight (8) equal annual installments beginning one (1) year from the date of grant.

F2: Includes 87,000 restricted share units.

F3: Stock option granted pursuant to the 2016 Equity and Performance-Based Incentive Compensation Plan. Options vest in five (5) equal annual installments beginning one (1) year from date of grant.