Statement of Changes in Beneficial Ownership (4)
September 14 2020 - 1:22PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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GUSTAVSON TAMARA HUGHES |
2. Issuer Name and Ticker or Trading Symbol
Public Storage
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PSA
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O PUBLIC STORAGE, 701 WESTERN AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/10/2020 |
(Street)
GLENDALE, CA 91201
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 9/10/2020 | | P | | 7305 | A | $216.86 (7) | 16859750 | D | |
Common Stock | 9/10/2020 | | P | | 29726 | A | $217.85 (8) | 16889476 | D | |
Common Stock | | | | | | | | 4150 | I | By BWH Investments 2019, LLC |
Common Stock | | | | | | | | 11348 | D (1) | |
Common Stock | | | | | | | | 27343 | I | By IRA (2) |
Common Stock | | | | | | | | 1300 | I | By Husband |
Common Stock | | | | | | | | 5500 | D (3) | |
Common Stock | | | | | | | | 295000 | I | By LLC (4)(9) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (Right to Buy) (5) | $190.90 | | | | | | | 4/21/2021 | 4/21/2030 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (5) | $218.22 | | | | | | | 4/24/2020 | 4/24/2029 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (5) | $193.71 | | | | | | | 4/25/2019 | 4/25/2028 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (5) | $223.93 | | | | | | | 4/26/2018 | 4/26/2027 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (6) | $258.49 | | | | | | | 4/25/2017 | 4/25/2026 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (6) | $187.91 | | | | | | | 4/30/2016 | 4/30/2025 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (6) | $176.19 | | | | | | | 5/1/2015 | 5/1/2024 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (6) | $164.42 | | | | | | | 5/9/2014 | 5/9/2023 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (6) | $144.97 | | | | | | | 5/3/2013 | 5/3/2022 | Common Stock | 5000 | | 5000 | D | |
Stock Option (Right to Buy) (6) | $115.96 | | | | | | | 5/5/2012 | 5/5/2021 | Common Stock | 5000 | | 5000 | D | |
Explanation of Responses: |
(1) | By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property. |
(2) | By custodian of an IRA for benefit of reporting person. |
(3) | By reporting person and husband. |
(4) | By LLC of which reporting person is a member and manager. |
(5) | 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 the grant date. |
(6) | Stock Option granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan, as Amended. Option vests in three (3) equal annual installments beginning one (1) year from the grant date. |
(7) | The price reported is a weighted average price.These shares were purchased in multiple transactions at prices ranging from $216.33 to $217.00, inclusive.The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein. |
(8) | The price reported is a weighted average price.These shares were purchased in multiple transactions at prices ranging from $217.34 to $218.00, inclusive.The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein. |
(9) | The reporting person no longer has indirect beneficial ownership over 1,788,280 number of shares previously reported in the reporting person's prior Form 4. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
GUSTAVSON TAMARA HUGHES C/O PUBLIC STORAGE 701 WESTERN AVENUE GLENDALE, CA 91201 | X | X |
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Signatures
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Joanne Wu, Attorney-in-Fact | | 9/14/2020 |
**Signature of Reporting Person | Date |
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