Public Storage — Director's Dealing 2020

Apr 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2020-04-02

Reporting Person: HUGHES B WAYNE JR (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-02	COMMON STOCK	M	5000	$94.25	Acquired	5041027	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-02	STOCK OPTION (RIGHT TO BUY)	$94.25	M	5000	Disposed	2020-05-06	COMMON STOCK (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	11348	Direct
COMMON STOCK	44312	Indirect
COMMON STOCK	22100	Indirect

Footnotes

F1: This option to purchase 5,000 shares of common stock vested as to one-third on each of May 6, 2011, 2012 and 2013.

F2: By reporting person as trustee for the B. Wayne Hughes, Jr. Living Trust.

F3: By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.

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

F5: By reporting person as a trustee of a trust for the benefit of reporting person's son.