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*
LENKIN HARVEY
(Last) (First) (Middle)
701 WESTERN AVENUE
(Street)
GLENDALE CA 91201
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2004
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 03/16/2004 M 3,500 A $23.3125 103,500 D
Common Stock 03/16/2004 S 3,500 D $47.9806 100,000 D
Common Stock 03/17/2004 M 21,500 A $23.3125 121,500 D
Common Stock 03/17/2004 S 21,500 D $47.7503 100,000 D
Common Stock 03/18/2004 M 2,298 A $23.3125 102,298 D
Common Stock 03/18/2004 S 2,298 D $48.5101 100,000 D
Common Stock 03/18/2004 M 22,702 A $23.0625 122,702 D
Common Stock 03/18/2004 S 22,702 D $48.5101 100,000 D
Common Stock 473 I By wife
Common Stock 777 I By wife IRA(1)
Common Stock 308 I By wife SEP IRA(2)
Common Stock 1,278 I By IRA(3)
Common Stock 1,568 I By son(4)
Common Stock 123.5208(5) I By son IRA(5)
Common Stock 28,309.573(6) I By 401 (K) Plan
Depositary Shares Representing Equity Stock 1,880 D
Depositary Shares Representing Equity Stock 100 I By son(4)
Depositary Shares Representing Equity Stock 112 I By wife
Depositary Shares Representing Equity Stock 250 I By IRA(3)
Depositary Shares Representing Equity Stock 129.9145(5) I By IRA(5)
Depositary Shares Representing Equity Stock 1,030.748(6) I By 401(K) Plan
Depositary Shares Representing Equity Stock 82 I By wife IRA(1)
Depositary Shares Representing Equity Stock 131 I By wife SEP IRA(2)
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) $23.0625 03/18/2004 M 16,000 12/13/2001 12/13/2010 Common Stock 16,000 $0 0 D
Stock Option (right to buy)(7) $23.0625 03/18/2004 M 6,702 12/13/2002 12/13/2010 Common Stock 16,000 $0 9,298 D
Stock Option (right to buy)(7) $23.0625 12/13/2003 12/13/2010 Common Stock 16,000 16,000 D
Stock Option (right to buy)(8) $23.0625 12/13/2001 12/13/2010 Common Stock 37,333 37,333 D
Stock Option (right to buy)(8) $23.0625 12/13/2002 12/13/2010 Common Stock 37,333 37,333 D
Stock Option (right to buy)(8) $23.0625 12/13/2003 12/13/2010 Common Stock 37,334 37,334 D
Stock Option (right to buy)(8) $23.3125 03/16/2004 M 631 11/12/2000 11/12/2009 Common Stock 631 $0 0 D
Stock Option (right to buy)(8) $23.3125 03/16/2004 M 2,869 11/12/2000 11/12/2009 Common Stock 2,869 $0 0 D
Stock Option (right to buy)(8) $23.3125 03/17/2004 M 10,464 11/12/2001 11/12/2009 Common Stock 10,464 $0 0 D
Stock Option (right to buy)(8) $23.3125 03/17/2004 M 11,036 11/12/2002 11/12/2009 Common Stock 11,036 $0 0 D
Stock Option (right to buy)(8) $23.3125 03/18/2004 M 2,298 11/12/2002 11/12/2009 Common Stock 2,298 $0 0 D
Explanation of Responses:
1. By a custodian of an IRA rollover for benefit of wife.
2. By a custodian of a SEP IRA for benefit of wife.
3. By a custodian of an IRA rollover for benefit of self.
4. By wife as custodian for son.
5. By custodian of an IRA for benefit of son. Includes automatic reinvestment of dividends through June 30, 2003.
6. Based on plan information as of February 23, 2004.
7. Stock options granted under the 1994 Stock Option and Incentive Plan.
8. Stock options granted under the 1996 Stock Option and Incentive Plan.
/s/ David Goldberg 03/18/2003
** 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.
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