B. Wayne Hughes Jr. - 07 Jul 2021 Form 4 Insider Report for Public Storage (PSA)

Role
10%+ Owner
Signature
/s/ Cindy Mejia, Attorney-in-Fact
Issuer symbol
PSA
Transactions as of
07 Jul 2021
Net transactions value
+$8,794,700
Form type
4
Filing time
09 Jul 2021, 10:42:52 UTC
Next filing
03 Aug 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 $724,850 +5,000 +0.19% $144.97 2,678,316 07 Jul 2021 By Living Trust F1
transaction PSA Common Stock Options Exercise $823,100 +5,000 +0.19% $164.62 2,683,316 07 Jul 2021 By Living Trust F1
transaction PSA Common Stock Options Exercise $880,950 +5,000 +0.19% $176.19 2,688,316 07 Jul 2021 By Living Trust F1
transaction PSA Common Stock Options Exercise $939,550 +5,000 +0.19% $187.91 2,693,316 07 Jul 2021 By Living Trust F1
transaction PSA Common Stock Options Exercise $1,292,450 +5,000 +0.19% $258.49 2,698,316 07 Jul 2021 By Living Trust F1
transaction PSA Common Stock Options Exercise $1,119,650 +5,000 +0.19% $223.93 2,703,316 07 Jul 2021 By Living Trust F1
transaction PSA Common Stock Options Exercise $968,550 +5,000 +0.18% $193.71 2,708,316 07 Jul 2021 By Living Trust F1
transaction PSA Common Stock Options Exercise $1,091,100 +5,000 +0.18% $218.22 2,713,316 07 Jul 2021 By Living Trust F1
transaction PSA Common Stock Options Exercise $954,500 +5,000 +0.18% $190.90 2,718,316 07 Jul 2021 By Living Trust F1
holding PSA Common Stock 2,330,000 07 Jul 2021 By LLC F2
holding PSA Common Stock 11,348 07 Jul 2021 Direct F3
holding PSA Common Stock 44,312 07 Jul 2021 By IRA F4
holding PSA Common Stock 22,100 07 Jul 2021 As Trustee F5

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 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $144.97 Direct F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $164.62 Direct F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $176.19 Direct F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $187.91 Direct F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $258.49 Direct F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $223.93 Direct F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $193.71 Direct F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $218.22 Direct F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Jul 2021 Common Stock 5,000 $190.90 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 By reporting person as trustee for the B. Wayne Hughes, Jr. Living Trust.
F2 By GasDog 2020 LLC. The reporting person disclaims beneficial ownership of the LLC's holdings except to the extent of his pecuniary interest in them.
F3 By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.
F4 By custodian of an IRA for benefit of reporting person.
F5 By reporting person as a trustee of a trust for the benefit of reporting person's son.
F6 On December 31, 2020, the reporting person retired as a trustee of the Company. Pursuant to the Company's Non-Employee Trustee Compensation Policy, all outstanding unvested stock options accelerate and vest on the date of retirement and all such stock options may be exercised during the one-year period following the date of retirement (but before the original expiration date of the option, if earlier).