John Reyes - Aug 16, 2022 Form 4 Insider Report for Public Storage (PSA)

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol
PSA
Transactions as of
Aug 16, 2022
Transactions value $
-$10,635,034
Form type
4
Date filed
8/17/2022, 07:38 AM
Previous filing
Jul 1, 2022
Next filing
Oct 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSA Common Stock Options Exercise $7.6M +51.6K +29.43% $147.19 227K Aug 16, 2022 Direct F1
transaction PSA Common Stock Sale -$4.52M -12.8K -5.66% $351.91 214K Aug 16, 2022 Direct F1, F2
transaction PSA Common Stock Sale -$7.44M -21.1K -9.84% $352.76 193K Aug 16, 2022 Direct F1, F3
transaction PSA Common Stock Sale -$2.21M -6.25K -3.23% $353.72 187K Aug 16, 2022 Direct F1, F4
transaction PSA Common Stock Sale -$2.68M -7.55K -4.04% $354.72 179K Aug 16, 2022 Direct F1, F5
transaction PSA Common Stock Sale -$1.39M -3.91K -2.18% $355.35 175K Aug 16, 2022 Direct F1, F6

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 -51.6K -100% $0.00* 0 Aug 16, 2022 Common Stock 51.6K $147.19 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,679 deferred stock units.
F2 Represents weighted average price. These shares were sold at prices ranging between $351.28 and $352.27. 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 price. These shares were sold at prices ranging between $352.29 and $353.27. 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 Represents weighted average price. These shares were sold at prices ranging between $353.30 and $354.29. 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.
F5 Represents weighted average price. These shares were sold at prices ranging between $354.32 and $355.29. 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.
F6 Represents weighted average price. These shares were sold at prices ranging between $355.32 and $355.49. 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.
F7 Stock option granted pursuant to the Public Storage 2007 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.
F8 This option was previously reported as an option for 100,000 common shares (of which 50,000 were previously exercised) at an exercise price of $152.01, but, pursuant to anti-dilution provisions of the Public Storage 2007 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by Public Storage on July 22, 2022.