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Filing Details

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
1230471	Jr D Joseph Russell	C/O Ps Business Parks, Inc. 701 Western Avenue Glendale CA 91201-2397	President / Ceo	Yes	Yes	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	2015-03-11	7,500	$50.63	41,016	No	4	M	Direct
Common Stock	Disposition	2015-03-11	7,500	$78.51	33,516	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	2015-03-11	7,500	$0.00	7,500	$50.63

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
43,186	2011-03-15	2020-03-15	No	4	M	Direct

Footnotes

On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anit-dilution provisions of PSB's 2003 Stock Option and Incentive Plan, an option for 65,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 1,686 shares of common stock.
Includes 2,400 restricted stock units.
Represents weighted average price. These shares were sold at prices ranging between $78.085 and $78.89. 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.
Stock option granted pursuant to the 2003 Stock Option and Incentive Plan.
This option was previously reported as an option for 65,000 shares of common stock at an exercise price of $52.35, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.