Ronald L. Havner Jr. - 09 Mar 2022 Form 4 Insider Report for PS BUSINESS PARKS, INC./MD

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
09 Mar 2022
Net transactions value
+$1,317,681
Form type
4
Filing time
10 Mar 2022, 18:31:58 UTC
Previous filing
10 Mar 2022
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSBYP Common Stock Options Exercise $136,489 +2,140 $63.78 2,140 09 Mar 2022 Direct
transaction PSBYP Common Stock Options Exercise $158,210 +2,070 +97% $76.43 4,210 09 Mar 2022 Direct
transaction PSBYP Common Stock Options Exercise $165,704 +2,070 +49% $80.05 6,280 09 Mar 2022 Direct
transaction PSBYP Common Stock Options Exercise $160,280 +2,070 +33% $77.43 8,350 09 Mar 2022 Direct
transaction PSBYP Common Stock Options Exercise $193,793 +2,070 +25% $93.62 10,420 09 Mar 2022 Direct
transaction PSBYP Common Stock Options Exercise $194,530 +1,656 +16% $117.47 12,076 09 Mar 2022 Direct
transaction PSBYP Common Stock Options Exercise $138,558 +1,242 +10% $111.56 13,318 09 Mar 2022 Direct
transaction PSBYP Common Stock Options Exercise $119,224 +828 +6.2% $143.99 14,146 09 Mar 2022 Direct
transaction PSBYP Common Stock Options Exercise $50,893 +414 +2.9% $122.93 14,560 09 Mar 2022 Direct
holding PSBYP Common Stock 155,584 09 Mar 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 -2,140 -100% $0.000000* 0 09 Mar 2022 Common Stock 2,140 $63.78 Direct F2, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2,070 -100% $0.000000* 0 09 Mar 2022 Common Stock 2,070 $76.43 Direct F3, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2,070 -100% $0.000000* 0 09 Mar 2022 Common Stock 2,070 $80.05 Direct F4, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2,070 -100% $0.000000* 0 09 Mar 2022 Common Stock 2,070 $77.43 Direct F5, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2,070 -100% $0.000000* 0 09 Mar 2022 Common Stock 2,070 $93.62 Direct F6, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -1,656 -80% $0.000000 414 09 Mar 2022 Common Stock 1,656 $117.47 Direct F7, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -1,242 -60% $0.000000 828 09 Mar 2022 Common Stock 1,242 $111.56 Direct F8, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -828 -40% $0.000000 1,242 09 Mar 2022 Common Stock 828 $143.99 Direct F9, F11
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -414 -20% $0.000000 1,656 09 Mar 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.