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Filing Details

Accession Number:: 0001123292-19-001256
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-06 16:28:41
Reporting Period:: 2019-11-04

Accepted Time:: 2019-11-06 16:28:41
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
1280082	Holden Jennifer Dunbar	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	2019-11-04	1,971	$58.82	1,971	No	4	M	Direct
Common Stock	Acquisiton	2019-11-04	2,068	$58.66	4,039	No	4	M	Direct
Common Stock	Disposition	2019-11-04	2,859	$180.34	1,180	No	4	S	Direct
Common Stock	Disposition	2019-11-04	1,180	$181.31	0	No	4	S	Direct
Common Stock	Disposition	2019-11-04	1,500	$181.93	2,425	No	4	S	Indirect	As trustee
Common Stock	Acquisiton	2019-11-05	31	$58.82	31	No	4	M	Direct
Common Stock	Disposition	2019-11-05	31	$180.15	0	No	4	S	Direct

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	Direct
No	4	S	Indirect	As trustee
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	2019-11-04	1,971	$0.00	1,971	$58.82
Common Stock	Stock Option (right to buy)	Disposition	2019-11-04	2,068	$0.00	2,068	$58.66
Common Stock	Stock Option (right to buy)	Disposition	2019-11-05	31	$0.00	31	$58.82

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
98	2010-05-03	2020-05-03	No	4	M	Direct
0	2011-05-02	2021-05-02	No	4	M	Direct
67	2010-05-03	2020-05-03	No	4	M	Direct

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 69 shares of common stock. Ms. Dunbar exercised the option for 1,971 shares on November 4, 2019 and 31 shares on November 5, 2019 and the option remains exercisable for the remaining 67 shares.
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 price. These shares were sold at prices ranging between $180.00 and $180.96. 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 price. These shares were sold at prices ranging between $181.25 and $181.93. 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 reporting person and her husband as trustees of the Lilac II Trust.
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.
This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $60.82, 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 $60.66, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.