Tamara Hughes Gustavson - Dec 22, 2022 Form 4 Insider Report for Public Storage (PSA)

Role
Director, 10%+ Owner
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol
PSA
Transactions as of
Dec 22, 2022
Transactions value $
$7,114,304
Form type
4
Date filed
12/23/2022, 02:56 PM
Previous filing
Sep 9, 2022
Next filing
May 4, 2023
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 $823K +5.16K +0.04% $159.40 14.1M Dec 22, 2022 Direct
transaction PSA Common Stock Options Exercise $881K +5.16K +0.04% $170.60 14.1M Dec 22, 2022 Direct
transaction PSA Common Stock Options Exercise $939K +5.16K +0.04% $181.95 14.1M Dec 22, 2022 Direct
transaction PSA Common Stock Options Exercise $1.29M +5.16K +0.04% $250.29 14.1M Dec 22, 2022 Direct
transaction PSA Common Stock Options Exercise $1.12M +5.16K +0.04% $216.83 14.1M Dec 22, 2022 Direct
transaction PSA Common Stock Options Exercise $968K +5.16K +0.04% $187.57 14.1M Dec 22, 2022 Direct
transaction PSA Common Stock Options Exercise $1.09M +5.16K +0.04% $211.30 14.2M Dec 22, 2022 Direct
holding PSA Common Stock 11.3K Dec 22, 2022 Direct F1
holding PSA Common Stock 5.5K Dec 22, 2022 Direct F2
holding PSA Common Stock 2.79M Dec 22, 2022 By Trust
holding PSA Common Stock 27.3K Dec 22, 2022 By IRA F3
holding PSA Common Stock 1.3K Dec 22, 2022 By Husband
holding PSA Common Stock 295K Dec 22, 2022 By LLC 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 PSA Stock Option (Right to Buy) Options Exercise $0 -5.16K -100% $0.00* 0 Dec 22, 2022 Common Stock 5.16K $159.40 Direct F5, F6
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5.16K -100% $0.00* 0 Dec 22, 2022 Common Stock 5.16K $170.60 Direct F5, F7
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5.16K -100% $0.00* 0 Dec 22, 2022 Common Stock 5.16K $181.95 Direct F5, F8
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5.16K -100% $0.00* 0 Dec 22, 2022 Common Stock 5.16K $250.29 Direct F5, F9
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5.16K -100% $0.00* 0 Dec 22, 2022 Common Stock 5.16K $216.83 Direct F10, F11
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5.16K -100% $0.00* 0 Dec 22, 2022 Common Stock 5.16K $187.57 Direct F10, F12
transaction PSA Stock Option (Right to Buy) Options Exercise $0 -5.16K -100% $0.00* 0 Dec 22, 2022 Common Stock 5.16K $211.30 Direct F10, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.
F2 By reporting person and husband.
F3 By custodian of an IRA for benefit of reporting person.
F4 By LLC of which reporting person is a member and manager.
F5 Stock option granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan. Option vests in three (3) equal annual installments beginning one (1) year from grant date.
F6 This option was previously reported as an option for 5,000 shares of common stock at an exercise price of $164.62, but, pursuant to anti-dilution provisions of PSA's 2007 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by PSA on July 22, 2022.
F7 This option was previously reported as an option for 5,000 shares of common stock at an exercise price of $176.19, but, pursuant to anti-dilution provisions of PSA's 2007 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by PSA on July 22, 2022.
F8 This option was previously reported as an option for 5,000 shares of common stock at an exercise price of $187.91, but, pursuant to anti-dilution provisions of PSA's 2007 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by PSA on July 22, 2022.
F9 This option was previously reported as an option for 5,000 shares of common stock at an exercise price of $258.49, but, pursuant to anti-dilution provisions of PSA's 2007 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by PSA on July 22, 2022.
F10 Stock option granted pursuant to the 2016 Equity and Performance-Based Incentive Compensation Plan. Option vests in three (3) equal annual installments beginning one (1) year from grant date.
F11 This option was previously reported as an option for 5,000 shares of common stock at an exercise price of $223.93, but, pursuant to anti-dilution provisions of PSA's 2016 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by PSA on July 22, 2022.
F12 This option was previously reported as an option for 5,000 shares of common stock at an exercise price of $193.71, but, pursuant to anti-dilution provisions of PSA's 2016 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by PSA on July 22, 2022.
F13 This option was previously reported as an option for 5,000 shares of common stock at an exercise price of $218.22, but, pursuant to anti-dilution provisions of PSA's 2016 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by PSA on July 22, 2022.