X0306 4 2019-11-26 0001393311 Public Storage PSA 0000935808 HUGHES B WAYNE ET AL C/O PUBLIC STORAGE 701 WESTERN AVENUE GLENDALE CA 91201 0 0 1 1 Chairman Emeritus Common Stock 2019-11-26 5 G 0 415000 0 D 447886 I As Trustee Common Stock 994 I By IRA Common Stock 9000 I By Wife By B. Wayne Hughes, trustee for B.W. Hughes Living Trust dated 6/3/77. By custodian of an IRA for the reporting person's benefit. The shares are the separate property of reporting person's wife, and reporting person disclaims any economic interest in the shares. /s/ Anita McIntyre, Attorney-in-Fact 2019-12-23