Nathaniel A. Vitan - 08 Jun 2021 Form 4 Insider Report for Public Storage (PSA)

Role: Sr. VP, Ch. Legal Off., Sec.
Signature: /s/ Nathaniel A. Vitan
Issuer symbol: PSA
Transactions as of: 08 Jun 2021
Net transactions value: -$227,480
Form type: 4
Filing time: 09 Jun 2021, 17:59:44 UTC
Previous filing: 01 Jun 2021
Next filing: 06 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSA	Common Stock	Options Exercise	$944,920	+4,000	+46%	$236.23	12,663	08 Jun 2021	Direct	F1
transaction	PSA	Common Stock	Sale	$1,172,400	-4,000	-32%	$293.10	8,663	08 Jun 2021	Direct	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	PSA	Stock Option (right to buy)	Options Exercise	$0	-4,000	-40%	$0.000000	6,000	08 Jun 2021	Common Stock	4,000	$236.23	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 7,740 RSUs.
F2	Stock option granted pursuant to the 2016 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.