Ronald L. Havner Jr - 09 Mar 2022 Form 4 Insider Report for PS BUSINESS PARKS, INC./MD (PSBZP)

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Issuer symbol
PSBZP
Transactions as of
09 Mar 2022
Transactions value $
$1,317,681
Form type
4
Filing time
10 Mar 2022, 18:31:58
Previous filing
10 Mar 2022
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSBZP Common Stock Options Exercise $136K +2.14K $63.78 2.14K 09 Mar 2022 Direct
transaction PSBZP Common Stock Options Exercise $158K +2.07K +96.73% $76.43* 4.21K 09 Mar 2022 Direct
transaction PSBZP Common Stock Options Exercise $166K +2.07K +49.17% $80.05* 6.28K 09 Mar 2022 Direct
transaction PSBZP Common Stock Options Exercise $160K +2.07K +32.96% $77.43* 8.35K 09 Mar 2022 Direct
transaction PSBZP Common Stock Options Exercise $194K +2.07K +24.79% $93.62* 10.4K 09 Mar 2022 Direct
transaction PSBZP Common Stock Options Exercise $195K +1.66K +15.89% $117.47* 12.1K 09 Mar 2022 Direct
transaction PSBZP Common Stock Options Exercise $139K +1.24K +10.28% $111.56* 13.3K 09 Mar 2022 Direct
transaction PSBZP Common Stock Options Exercise $119K +828 +6.22% $143.99* 14.1K 09 Mar 2022 Direct
transaction PSBZP Common Stock Options Exercise $50.9K +414 +2.93% $122.93* 14.6K 09 Mar 2022 Direct
holding PSBZP Common Stock 156K 09 Mar 2022 By Trust 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 PSBZP Stock Option (Right to Buy) Options Exercise $0 -2.14K -100% $0.00* 0 09 Mar 2022 Common Stock 2.14K $63.78 Direct F2, F11
transaction PSBZP Stock Option (Right to Buy) Options Exercise $0 -2.07K -100% $0.00* 0 09 Mar 2022 Common Stock 2.07K $76.43 Direct F3, F11
transaction PSBZP Stock Option (Right to Buy) Options Exercise $0 -2.07K -100% $0.00* 0 09 Mar 2022 Common Stock 2.07K $80.05 Direct F4, F11
transaction PSBZP Stock Option (Right to Buy) Options Exercise $0 -2.07K -100% $0.00* 0 09 Mar 2022 Common Stock 2.07K $77.43 Direct F5, F11
transaction PSBZP Stock Option (Right to Buy) Options Exercise $0 -2.07K -100% $0.00* 0 09 Mar 2022 Common Stock 2.07K $93.62 Direct F6, F11
transaction PSBZP Stock Option (Right to Buy) Options Exercise $0 -1.66K -80% $0.00 414 09 Mar 2022 Common Stock 1.66K $117.47 Direct F7, F11
transaction PSBZP Stock Option (Right to Buy) Options Exercise $0 -1.24K -60% $0.00 828 09 Mar 2022 Common Stock 1.24K $111.56 Direct F8, F11
transaction PSBZP Stock Option (Right to Buy) Options Exercise $0 -828 -40% $0.00 1.24K 09 Mar 2022 Common Stock 828 $143.99 Direct F9, F11
transaction PSBZP Stock Option (Right to Buy) Options Exercise $0 -414 -20% $0.00 1.66K 09 Mar 2022 Common Stock 414 $122.93 Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 By Havner Family Trust of which the reporting person and his spouse are trustees.
F2 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $68.25, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 15, 2014 and December 1, 2021.
F3 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $81.79, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 15, 2014 and December 1, 2021.
F4 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $85.53, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 15, 2014 and December 1, 2021.
F5 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $80.13, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F6 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $96.89, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F7 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $125.57, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F8 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $115.45, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F9 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $149.02, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F10 This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $127.22, but, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividends declared by PSB on December 1, 2021.
F11 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.