SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HARKHAM URI P

(Last) (First) (Middle)
C/O PUBLIC STORAGE, INC.
701 WESTERN AVENUE

(Street)
GLENDALE CA 91201-2349

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PUBLIC STORAGE INC /CA [ PSA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/17/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2,500 D
Common Stock 25,774 I By Profit Sharing Plan(1)
Common Stock 1,925 I By IRA(2)
Common Stock 4,000 I By wholly owned corporation(3)
Common Stock 05/17/2006 P 1,000 A $72.35 4,210 I As trustee(4)
Common Stock 15,920 I By trust(5)
Depositary Shares Representing Equity Stock, Series A 3,000 I By Profit Sharing Plan(1)
Depositary Shares Representing Equity Stock, Series A 146 I By IRA(2)
Depositary Shares Representing Equity Stock, Series A 256 I As trustee(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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)(7) $60.06 05/05/2006 05/05/2015 Common Stock 2,500 2,500 D
Stock Option (right to buy)(7) $43.33 05/06/2005 05/06/2014 Common Stock 2,500 2,500 D
Stock Option (right to buy)(7) $32.91 05/08/2004 05/08/2013 Common Stock 2,500 2,500 D
Stock Option (right to buy)(7) $26.81 05/10/2002 05/10/2011 Common Stock 2,500 2,500 D
Stock Option (right to buy)(6) $28.625 05/06/2000 05/06/2009 Common Stock 2,500 2,500 D
Stock Option (right to buy)(6) $27.6875 11/04/1999 11/04/2008 Common Stock 2,500 2,500 D
Stock Option (right to buy)(6) $26.9375 11/11/1998 11/11/2007 Common Stock 2,500 2,500 D
Explanation of Responses:
1. By Uri P. Harkham, Trustee of Harkham Industries, Inc. (DBA Jonathan Martin, Inc.) Profit Sharing Plan dated 10/1/80.
2. By a custodian of an IRA for benefit of Uri P. Harkham.
3. By Harkham Industries, Inc. (DBA Jonathan Martin, Inc.), a corporation wholly owned by the reporting person.
4. By Uri P. Harkham, Trustee of Uri Harkham Trust.
5. By trust for the benefit of Uri P. Harkham's children.
6. Stock Options granted pursuant to the 1996 Stock Option and Incentive Plan; options vest in 3 equal annual installments beginning 1 year from grant date.
7. Stock Options granted pursuant to the 2001 Stock Option and Incentive Plan; options vest in 3 equal annual installments beginning 1 year from grant date..
/s/ Stephanie G. Heim, Attorney in Fact 05/18/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.