X0306 4 2015-08-20 0 0001393311 Public Storage PSA 0001316693 DOLL DAVID F C/O PUBLIC STORAGE 701 WESTERN AVENUE GLENDALE CA 91201 0 1 0 0 SENIOR VICE PRESIDENT Common Stock 2015-08-20 4 M 0 5000 97.47 A 51962 D Common Stock 2015-08-20 4 S 0 5000 216.2997 D 46962 D Stock Option (right to buy) 97.47 2015-08-20 4 M 0 5000 0 D 2008-03-15 2017-03-15 Common Stock 5000 0 D Includes 27,850 restricted share units. Represents weighted average purchase price. These shares were sold at prices ranging from $215.12 to $217.17. 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. Stock option granted pursuant to the 2001 Stock Option and Incentive Plan. Options vest in eight (8) equal annual installments benginning one (1) year from date of grant. /s/ Lily Y. Hughes, Attorney-in-Fact 2015-08-21