Form 4 for PSA Public Storage

Accepted 2023-02-15 00:00:00 ET · period of report 2023-02-13 · accession 0001567619-23-003040 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-02-15	2023-02-13	PSA	HAVNER RONALD L JR	Dir	M - OptEx	$147.19	+103.3K	166.9K	+162%	+$15.20M
D	2023-02-15	2023-02-13	PSA	HAVNER RONALD L JR	Dir	M - OptEx	$0.00	-103.3K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-02-13	M	A	103,275	$147.19	166,915	D	—	—	(F1) Includes 53,750 restricted stock units and 1,890 deferred stock units. Mr. Havner postponed receipt of 10,000 vested restricted stock units granted February 19, 2015 with an original vesting date of April 1, 2016 in accordance with the following schedule: 10 equal installments over 10 years starting April 1, 2021 to April 1, 2030. 8,000 remain subject to deferred receipt.
2	Derivative	Stock Option (Right to Buy)	2023-02-13	M	D	103,275	$0.00	0	D	$147.19 · 2014-02-21 to 2023-02-21	103,275 Common Stock	(F3) Stock option granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from grant date. (F4) This option was previously reported as an option for 100,000 shares of common stock at an exercise price of $152.01, but, pursuant to anti-dilution provisions of the Company's 2007 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by the Company on July 22, 2022.