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

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol
PSBYP
Transactions as of
May 28, 2021
Transactions value $
-$1,162,610
Form type
4
Date filed
6/2/2021, 07:36 PM
Next filing
Jul 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSBYP Common Stock Options Exercise $21.5K +342 +28.26% $62.78 1.55K May 28, 2021 Direct
transaction PSBYP Common Stock Options Exercise $38.5K +583 +37.56% $66.00 2.14K May 28, 2021 Direct
transaction PSBYP Common Stock Sale -$143K -925 -43.33% $155.07* 1.21K May 28, 2021 Direct F1
transaction PSBYP Common Stock Options Exercise $609K +9.7K +801.4% $62.78 10.9K Jun 1, 2021 Direct
transaction PSBYP Common Stock Sale -$1.52M -9.7K -88.91% $157.16* 1.21K Jun 1, 2021 Direct F8
transaction PSBYP Common Stock Options Exercise $98K +1.49K +122.73% $66.00 2.7K Jun 2, 2021 Direct
transaction PSBYP Common Stock Options Exercise $19K +303 +11.24% $62.78 3K Jun 2, 2021 Direct
transaction PSBYP Common Stock Sale -$281K -1.79K -59.64% $157.13* 1.21K Jun 2, 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 -3.31% $0.00 10K May 28, 2021 Common Stock 342 $62.78 Direct F2, F3, F4, F5
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -583 -28.19% $0.00 1.49K May 28, 2021 Common Stock 583 $66.00 Direct F2, F6, F7
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -9.7K -96.97% $0.00 303 Jun 1, 2021 Common Stock 9.7K $62.78 Direct F2, F3, F4, F5
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -1.49K -100% $0.00* 0 Jun 2, 2021 Common Stock 1.49K $66.00 Direct F2, F6, F7
transaction PSBYP Stock Option (right to buy) Options Exercise $0 -303 -100% $0.00* 0 Jun 2, 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.