Public Storage — Director's Dealing 2021

Dec 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2021-12-06

Reporting Person: Vitan Nathaniel A. (Sr. VP, Ch. Legal Off., Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-06	Common Stock	M	25000	$259.74	Acquired	32740	Direct
2021-12-06	Common Stock	S	25000	$339.18	Disposed	7740	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-06	Stock Option (Right to Buy)	$259.74	M	25000	Disposed	2026-07-05	Common Stock (25000)	Direct

Footnotes

F1: Includes 6,740 RSUs.

F2: Stock option granted pursuant to the 2016 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.