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Public Storage Director's Dealing 2020

Sep 14, 2020

30014_dirs_2020-09-14_4456ecd4-0550-4c0a-8830-3e61defb1a58.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: 2020-09-10

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-09-10 Common Stock P 7305 $216.86 Acquired 16859750 Direct
2020-09-10 Common Stock P 29726 $217.85 Acquired 16889476 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 4150 Indirect
Common Stock 11348 Direct
Common Stock 27343 Indirect
Common Stock 1300 Indirect
Common Stock 5500 Direct
Common Stock 295000 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $190.90 2030-04-21 Common Stock (5000) 5000 Direct
Stock Option (Right to Buy) $218.22 2029-04-24 Common Stock (5000) 5000 Direct
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

Footnotes

F1: By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.

F2: By custodian of an IRA for benefit of reporting person.

F3: By reporting person and husband.

F4: By LLC of which reporting person is a member and manager.

F5: 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.

F6: 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.

F7: The price reported is a weighted average price.These shares were purchased in multiple transactions at prices ranging from $216.33 to $217.00, inclusive.The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.

F8: The price reported is a weighted average price.These shares were purchased in multiple transactions at prices ranging from $217.34 to $218.00, inclusive.The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.

F9: The reporting person no longer has indirect beneficial ownership over 1,788,280 number of shares previously reported in the reporting person's prior Form 4.