0001123292-21-000932.txt : 20210602 0001123292-21-000932.hdr.sgml : 20210602 20210602193602 ACCESSION NUMBER: 0001123292-21-000932 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210528 FILED AS OF DATE: 20210602 DATE AS OF CHANGE: 20210602 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schultz Peter CENTRAL INDEX KEY: 0001543163 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10709 FILM NUMBER: 21990836 MAIL ADDRESS: STREET 1: 701 WESTERN AVENUE CITY: GLENDALE STATE: CA ZIP: 91201 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PS BUSINESS PARKS INC/CA CENTRAL INDEX KEY: 0000866368 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954300881 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 701 WESTERN AVE CITY: GLENDALE STATE: CA ZIP: 91201 BUSINESS PHONE: (818) 244-8080 MAIL ADDRESS: STREET 1: 701 WESTERN AVE CITY: GLENDALE STATE: CA ZIP: 91201 FORMER COMPANY: FORMER CONFORMED NAME: PUBLIC STORAGE PROPERTIES XI INC DATE OF NAME CHANGE: 19930328 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2021-05-28 0000866368 PS BUSINESS PARKS INC/CA PSB 0001543163 Schultz Peter C/O PS BUSINESS PARKS, INC. 701 WESTERN AVENUE GLENDALE CA 91201 1 0 0 0 Common Stock 2021-05-28 4 M 0 342 62.78 A 1552 D Common Stock 2021-05-28 4 M 0 583 66 A 2135 D Common Stock 2021-05-28 4 S 0 925 155.07 D 1210 D Common Stock 2021-06-01 4 M 0 9697 62.78 A 10907 D Common Stock 2021-06-01 4 S 0 9697 157.16 D 1210 D Common Stock 2021-06-02 4 M 0 1485 66 A 2695 D Common Stock 2021-06-02 4 M 0 303 62.78 A 2998 D Common Stock 2021-06-02 4 S 0 1788 157.13 D 1210 D Stock Option (right to buy) 62.78 2021-05-28 4 M 0 342 0 D 2013-02-21 2022-02-21 Common Stock 342 10000 D Stock Option (right to buy) 66 2021-05-28 4 M 0 583 0 D 2013-04-30 2022-04-30 Common Stock 583 1485 D Stock Option (right to buy) 62.78 2021-06-01 4 M 0 9697 0 D 2013-02-21 2022-02-21 Common Stock 9697 303 D Stock Option (right to buy) 66.0 2021-06-02 4 M 0 1485 0 D 2013-04-30 2022-04-30 Common Stock 1485 0 D Stock Option (right to buy) 62.78 2021-06-02 4 M 0 303 0 D 2013-02-21 2022-02-21 Common Stock 303 0 D The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.65 to $155.28, inclusive. The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. Stock option granted pursuant to the 2012 Equity and Performance-Based Incentive Compensation Plan. Option vested in five (5) equal annual installments beginning one (1) year from the date of grant. This option was previously reported as an option for 10,000 shares of common stock at an exercise price of $64.92, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014. On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Compensation Plan, an option for 10,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 342 shares of common stock. The date exercisable and expiration date of this option were previously misreported as 2/20/2013 and 2/20/2022, respectively. This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $68.25, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014. On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anti-dilution provisions of PSB's 2012 Equity and Performance-Based Compensation Plan, an option for 2,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 68 shares of common stock. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.00 to $157.465, inclusive. The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.05 to $157.295, inclusive. The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. /s/ Nathaniel A. Vitan, Attorney-in-Fact 2021-06-02