Maria R. Hawthorne - Nov 16, 2021 Form 4 Insider Report for PS BUSINESS PARKS, INC./MD (PSBYP)

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol
PSBYP
Transactions as of
Nov 16, 2021
Transactions value $
-$1,062,090
Form type
4
Date filed
11/17/2021, 02:20 PM
Previous filing
Jul 6, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSBYP Common Stock Options Exercise $1.59M +15K +26.23% $105.76 72.2K Nov 16, 2021 Direct F1
transaction PSBYP Common Stock Sale -$2.29M -13K -18.01% $176.45 59.2K Nov 16, 2021 Direct F1, F2
transaction PSBYP Common Stock Sale -$355K -2K -3.38% $177.32 57.2K Nov 16, 2021 Direct F1, F3
holding PSBYP Common Stock 1.5K Nov 16, 2021 By 401(K) F4

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 -15K -100% $0.00* 0 Nov 16, 2021 Common Stock 15K $105.76 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 10,000 restricted stock units.
F2 Represents weighted average sale price. These shares were sold at prices ranging between $176.03 and $177.00. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F3 Represents weighted average sale price. These shares were sold at prices ranging between $177.183 and $177.53. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F4 401(k) plan units that represent interest in common stock.
F5 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 date of grant.