Public Storage — Director's Dealing 2019

Mar 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2019-03-08

Reporting Person: Johnson Natalia (Chief Human Resources Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-08	Common Stock	A	4250	—	Acquired	9093	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-08	Stock option (right to buy)	$214.32	A	10000	Acquired	2029-03-08	Common Stock (10000)	Direct

Footnotes

F1: Grant of restricted stock units. 2,250 RSUs vest in five (5) equal annual installments beginning one (1) from the date of the grant. 2,000 RSUs vest in eight (8) equal annual installments beginning one (1) from the date of the grant.

F2: Includes 8,150 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.