Jennifer Holden Dunbar - Dec 6, 2021 Form 4 Insider Report for PS BUSINESS PARKS, INC./MD (PSBYP)

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol
PSBYP
Transactions as of
Dec 6, 2021
Transactions value $
-$625,241
Form type
4
Date filed
12/7/2021, 05:02 PM
Previous filing
Dec 6, 2021
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSBYP Common Stock Options Exercise $136K +2.07K +3086.57% $66.00 2.14K Dec 6, 2021 Direct F1, F2
transaction PSBYP Common Stock Options Exercise $158K +2K +93.68% $79.10 4.14K Dec 6, 2021 Direct F3
transaction PSBYP Common Stock Options Exercise $166K +2K +48.37% $82.84 6.14K Dec 6, 2021 Direct F4
transaction PSBYP Common Stock Sale -$917K -5.13K -83.65% $178.77 1K Dec 6, 2021 Direct F5
transaction PSBYP Common Stock Sale -$168K -936 -93.32% $179.66 67 Dec 6, 2021 Direct F6
holding PSBYP Common Stock 2.43K Dec 6, 2021 As Trustee F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -2.07K -100% $0.00* 0 Dec 6, 2021 Common Stock 2.07K $66.00 Direct F1, F2, F8
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -2K -96.71% $0.00 68 Dec 6, 2021 Common Stock 2K $79.10 Direct F1, F3, F8
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -2K -96.71% $0.00 68 Dec 6, 2021 Common Stock 2K $82.84 Direct F1, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Compensation Plan, an option for 2,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 68 shares on of common stock.
F2 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $68.25, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
F3 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $81.79, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
F4 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $85.53, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
F5 Represents weighted average price. These shares were sold at prices ranging between $178.35 and $179.34. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F6 Represents weighted average price. These shares were sold at prices ranging between $179.36 and $179.915. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F7 By reporting person and her husband as trustees of the Lilac II Trust.
F8 Stock option granted pursuant to the 2012 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.