Filing Details

Accession Number:
0001123292-19-000851
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-05-29 11:31:57
Reporting Period:
2019-05-24
Accepted Time:
2019-05-29 11:31:57
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
1227451 H James Kropp C/O Ps Business Parks, Inc.,
701 Western Avenue
Glendale CA 91201
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-05-24 1,800 $58.66 11,434 No 4 M Direct
Common Stock Disposition 2019-05-24 1,800 $165.16 9,634 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock option (right to buy) Disposition 2019-05-24 1,800 $0.00 1,800 $58.66
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
268 2012-05-02 2021-05-02 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 4,491 Indirect by IRA
Footnotes
  1. 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. Mr. Kropp exercised the option for 1,800 shares and the option remains exercisable for the remaining 268 shares.
  2. By a custodian of an IRA for benefit of the reporting person.
  3. Stock Option granted pursuant to the 2003 Stock Option and Incentive Plan. The option vested in five (5) equal annual installments beginning one (1) year from date of grant.
  4. This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $60.66, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014. Mr. Kropp exercised the option for 1,800 shares and the option remains exercisable for the remaining 268 shares.