Ronald L. Havner Jr - Mar 9, 2022 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
Mar 9, 2022
Transactions value $
$1,317,681
Form type
4
Date filed
3/10/2022, 06:31 PM
Previous filing
Mar 10, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSBYP Common Stock Options Exercise $136K +2.14K $63.78 2.14K Mar 9, 2022 Direct
transaction PSBYP Common Stock Options Exercise $158K +2.07K +96.73% $76.43 4.21K Mar 9, 2022 Direct
transaction PSBYP Common Stock Options Exercise $166K +2.07K +49.17% $80.05 6.28K Mar 9, 2022 Direct
transaction PSBYP Common Stock Options Exercise $160K +2.07K +32.96% $77.43 8.35K Mar 9, 2022 Direct
transaction PSBYP Common Stock Options Exercise $194K +2.07K +24.79% $93.62 10.4K Mar 9, 2022 Direct
transaction PSBYP Common Stock Options Exercise $195K +1.66K +15.89% $117.47 12.1K Mar 9, 2022 Direct
transaction PSBYP Common Stock Options Exercise $139K +1.24K +10.28% $111.56 13.3K Mar 9, 2022 Direct
transaction PSBYP Common Stock Options Exercise $119K +828 +6.22% $143.99 14.1K Mar 9, 2022 Direct
transaction PSBYP Common Stock Options Exercise $50.9K +414 +2.93% $122.93 14.6K Mar 9, 2022 Direct
holding PSBYP Common Stock 156K Mar 9, 2022 By Trust F1

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 -2.14K -100% $0.00* 0 Mar 9, 2022 Common Stock 2.14K $63.78 Direct F2, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2.07K -100% $0.00* 0 Mar 9, 2022 Common Stock 2.07K $76.43 Direct F3, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2.07K -100% $0.00* 0 Mar 9, 2022 Common Stock 2.07K $80.05 Direct F4, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2.07K -100% $0.00* 0 Mar 9, 2022 Common Stock 2.07K $77.43 Direct F5, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2.07K -100% $0.00* 0 Mar 9, 2022 Common Stock 2.07K $93.62 Direct F6, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -1.66K -80% $0.00 414 Mar 9, 2022 Common Stock 1.66K $117.47 Direct F7, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -1.24K -60% $0.00 828 Mar 9, 2022 Common Stock 1.24K $111.56 Direct F8, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -828 -40% $0.00 1.24K Mar 9, 2022 Common Stock 828 $143.99 Direct F9, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -414 -20% $0.00 1.66K Mar 9, 2022 Common Stock 414 $122.93 Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 By Havner Family Trust of which the reporting person and his spouse are trustees.
F2 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $68.25, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 15, 2014 and December 1, 2021.
F3 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $81.79, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 15, 2014 and December 1, 2021.
F4 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $85.53, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 15, 2014 and December 1, 2021.
F5 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $80.13, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F6 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $96.89, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F7 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $125.57, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F8 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $115.45, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F9 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $149.02, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F10 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $127.22, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F11 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.