Peter Schultz - 28 May 2021 Form 4 Insider Report for PS BUSINESS PARKS INC/CA

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
28 May 2021
Net transactions value
-$1,162,610
Form type
4
Filing time
02 Jun 2021, 19:36:02 UTC
Next filing
20 Jul 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 $21,471 +342 +28% $62.78 1,552 28 May 2021 Direct
transaction PSBYP Common Stock Options Exercise $38,478 +583 +38% $66.00 2,135 28 May 2021 Direct
transaction PSBYP Common Stock Sale $143,440 -925 -43% $155.07* 1,210 28 May 2021 Direct F1
transaction PSBYP Common Stock Options Exercise $608,778 +9,697 +801% $62.78 10,907 01 Jun 2021 Direct
transaction PSBYP Common Stock Sale $1,523,981 -9,697 -89% $157.16* 1,210 01 Jun 2021 Direct F8
transaction PSBYP Common Stock Options Exercise $98,010 +1,485 +123% $66.00 2,695 02 Jun 2021 Direct
transaction PSBYP Common Stock Options Exercise $19,022 +303 +11% $62.78 2,998 02 Jun 2021 Direct
transaction PSBYP Common Stock Sale $280,948 -1,788 -60% $157.13* 1,210 02 Jun 2021 Direct F9

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 -342 -3.3% $0.000000 10,000 28 May 2021 Common Stock 342 $62.78 Direct F2, F3, F4, F5
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -583 -28% $0.000000 1,485 28 May 2021 Common Stock 583 $66.00 Direct F2, F6, F7
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -9,697 -97% $0.000000 303 01 Jun 2021 Common Stock 9,697 $62.78 Direct F2, F3, F4, F5
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -1,485 -100% $0.000000* 0 02 Jun 2021 Common Stock 1,485 $66.00 Direct F2, F6, F7
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -303 -100% $0.000000* 0 02 Jun 2021 Common Stock 303 $62.78 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.65 to $155.28, inclusive. The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F2 Stock option granted pursuant to the 2012 Equity and Performance-Based Incentive Compensation Plan. Option vested in five (5) equal annual installments beginning one (1) year from the date of grant.
F3 This option was previously reported as an option for 10,000 shares of common stock at an exercise price of $64.92, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
F4 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 10,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 342 shares of common stock.
F5 The date exercisable and expiration date of this option were previously misreported as 2/20/2013 and 2/20/2022, respectively.
F6 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.
F7 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 of common stock.
F8 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.00 to $157.465, inclusive. The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F9 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.05 to $157.295, inclusive. The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.