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Filing Details

Accession Number:: 0001123292-21-000932
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-06-02 19:36:02
Reporting Period:: 2021-05-28

Accepted Time:: 2021-06-02 19:36:02
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
1543163	Peter Schultz	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
Common Stock	Acquisiton	2021-05-28	342	$62.78	1,552	No	4	M	Direct
Common Stock	Acquisiton	2021-05-28	583	$66.00	2,135	No	4	M	Direct
Common Stock	Disposition	2021-05-28	925	$155.07	1,210	No	4	S	Direct
Common Stock	Acquisiton	2021-06-01	9,697	$62.78	10,907	No	4	M	Direct
Common Stock	Disposition	2021-06-01	9,697	$157.16	1,210	No	4	S	Direct
Common Stock	Acquisiton	2021-06-02	1,485	$66.00	2,695	No	4	M	Direct
Common Stock	Acquisiton	2021-06-02	303	$62.78	2,998	No	4	M	Direct
Common Stock	Disposition	2021-06-02	1,788	$157.13	1,210	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

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	2021-05-28	342	$0.00	342	$62.78
Common Stock	Stock Option (right to buy)	Disposition	2021-05-28	583	$0.00	583	$66.00
Common Stock	Stock Option (right to buy)	Disposition	2021-06-01	9,697	$0.00	9,697	$62.78
Common Stock	Stock Option (right to buy)	Disposition	2021-06-02	1,485	$0.00	1,485	$66.00
Common Stock	Stock Option (right to buy)	Disposition	2021-06-02	303	$0.00	303	$62.78

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,000	2013-02-21	2022-02-21	No	4	M	Direct
1,485	2013-04-30	2022-04-30	No	4	M	Direct
303	2013-02-21	2022-02-21	No	4	M	Direct
0	2013-04-30	2022-04-30	No	4	M	Direct
0	2013-02-21	2022-02-21	No	4	M	Direct

Footnotes

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.