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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Public Storage [ PSA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/25/2009 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 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 | ||||||
Depositary Shares Representing Equity Stock | 61 | I | As custodian(1) | |||||||
Depositary Shares Representing Equity Stock | 1,196,182 | D | ||||||||
Depositary Shares Representing Equity Stock | 43 | D(2) | ||||||||
Depositary Shares Representing Equity Stock | 581 | I | By husband as custodian(3) | |||||||
Depositary Shares Representing Equity Stock | 581 | I | By husband as custodian(4) | |||||||
Depositary Shares Representing Equity Stock | 46 | I | By IRA(5) | |||||||
Depositary Shares Representing Equity Stock | 42 | I | By husband(6) | |||||||
Depositary Shares Representing Equity Stock | 3,232.9453 | I | By 401(k) Plan(7) | |||||||
Depositary Shares Representing Equity Stock | 2,953 | I | By children(8) | |||||||
Common Stock | 2,500 | I | As custodian(1) | |||||||
Common Stock | 11,348 | D(2) | ||||||||
Common Stock | 17,890 | I | By husband as custodian(3) | |||||||
Common Stock | 17,890 | I | By husband as custodian(4) | |||||||
Common Stock | 11/25/2009 | S | 125,400 | D | $79.0699(13) | 16,277,092 | D | |||
Common Stock | 11/27/2009 | S | 50,200 | D | $77.5278(14) | 16,226,892 | D | |||
Common Stock | 1,425 | I | by IRA(5) | |||||||
Common Stock | 1,300 | I | By husband(6) | |||||||
Common Stock | 248,012.7045 | I | By 401(k) Plan(7) | |||||||
Common Stock | 5,500 | D(9) | ||||||||
Common Stock | 2,000,000 | I | By GRAT(10) | |||||||
Common Stock | 2,000,000 | I | By GRAT(11) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Options (right to buy)(12) | $62.8 | 05/07/2010 | 05/07/2019 | Common Stock | 5,000 | 5,000 | D | ||||||||
Stock Options (right to buy)(12) | $70.72 | 11/25/2009 | 11/25/2018 | Common Stock | 15,000 | 15,000 | D |
Explanation of Responses: |
1. By reporting person as custodian for son. |
2. By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property. |
3. By husband as custodian for son. |
4. By husband as custodian for daughter. |
5. By custodian of an IRA for benefit of reporting person. |
6. By husband. |
7. 401(k) plan units that represent interests in common stock; based on plan information as of November 19, 2009. There is not a one to one correlation between units and shares. |
8. 50% interest in H-G Family Corporation, which owns 5,906 Depositary Shares. |
9. By reporting person and husband. |
10. By Tamara Hughes Gustavson, trustee of Tamara Hughes Gustavson 3-08 Annuity Trust for benefit of son. |
11. By Tamara Hughes Gustavson, trustee of Tamara Hughes Gustavson 3-08 Annuity Trust for benefit of daughter. |
12. Stock options granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan: options vest in 3 equal annual installments beginning 1 year from grant date. |
13. Represents weighted average purchase price. These shares were sold at prices ranging between $79.00 and $79.20. Full information regarding the number of shares purchased at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
14. Represents weighted average purchase price. These shares were sold at prices ranging between $77.50 and $77.73. Full information regarding the number of shares purchased at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
Remarks: |
/s/ David Goldberg, Attorney in Fact | 11/30/2009 | |
** 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. |