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Filing Details

Accession Number:: 0001140361-17-034177
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-09-01 18:06:30
Reporting Period:: 2017-08-31

Accepted Time:: 2017-09-01 17:06:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
866368	Ps Business Parks Inc	PSB	Real Estate Investment Trusts (6798)	954300881

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1227384	Jr L Ronald Havner	C/O Ps Business Parks, Inc. 701 Western Avenue Glendale CA 91201		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2017-08-31	2,068	$55.89	2,068	No	4	M	Direct
Common Stock	Acquisiton	2017-08-31	2,068	$42.40	4,136	No	4	M	Direct
Common Stock	Disposition	2017-08-31	4,136	$134.82	0	No	4	S	Direct
Common Stock	Disposition	2017-08-31	1,500	$135.06	0	No	4	S	Indirect	By IRA
Common Stock	Disposition	2017-08-31	2,500	$135.05	0	No	4	S	Indirect	By IRA

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	By IRA
No	4	S	Indirect	By IRA

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2017-08-31	2,068	$0.00	2,068	$55.89
Common Stock	Stock Option (right to buy)	Disposition	2017-08-31	2,068	$0.00	2,068	$42.40

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2009-05-05	2018-05-05	No	4	M	Direct
0	2010-05-04	2019-05-04	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	190,584	Indirect	By Trust
Common Stock	4,000	Indirect	By Foundation

Footnotes

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 2003 Stock Option and Incentive 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.
Represents weighted average sale price. These shares were sold at prices ranging between $134.60 and $135.07. Full information regarding the number of shares sold 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.
Represents weighted average sale price. These shares were sold at prices ranging between $135.00 and $135.13. Full information regarding the number of shares sold 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.
By a custodian of an IRA for benefit of the reporting person.
Represents weighted average sale price. These shares were sold at prices ranging between $135.00 and $135.1650. Full information regarding the number of shares sold 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.
By a custodian of an IRA for benefit of the reporting person's wife.
By Havner Family Trust of which the reporting person and his spouse are trustees.
Shares owned by the Havner Family Foundation, of which Mr. Havner and his wife are co-trustees, but with respect to which Mr. and Mrs. Havner disclaim any beneficial interest.
Stock Option granted pursuant to the 2003 Stock Option and Incentive Plan. The Options vests in five (5) equal annual installments beginning one (1) year from the date of grant.
This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $57.79, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $43.84, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.