Gary E. Pruitt - Jan 26, 2022 Form 4 Insider Report for PS BUSINESS PARKS, INC./MD (PSBYP)

Role
Director
Signature
Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol
PSBYP
Transactions as of
Jan 26, 2022
Transactions value $
$785,733
Form type
4
Date filed
1/28/2022, 02:47 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 $649K +10.7K +89.19% $60.66 22.7K Jan 26, 2022 Direct F1
transaction PSBYP Common Stock Options Exercise $136K +2.14K +9.43% $63.78 24.8K Jan 26, 2022 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 PSBYP Stock Option (Right to Buy) Options Exercise $0 -10.7K -100% $0.00* 0 Jan 26, 2022 Common Stock 10.7K $60.66 Direct F2
transaction PSBYP Stock Option (Right to Buy) Options Exercise $0 -2.14K -100% $0.00* 0 Jan 26, 2022 Common Stock 2.14K $63.78 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 10,000 previously inadvertently omitted deferred stock units granted pursuant to the 2012 Equity and Performance-Based Incentive Compensation Plan. Deferred stock units vest in ten (10) equal annual installments over the duration of the reporting person's board service and are payable in shares of common stock upon retirement.
F2 Stock option granted pursuant to the 2003 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.
F3 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 the date of grant.