| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers P > Headlines for Public Storage, Inc. > News item |
Public Storage directors sell 1.6 million shares, keep 11.7% stake
By Lisa Kerner
Charlotte, N.C., Dec. 16 - Public Storage directors B. Wayne Hughes Jr. and Tamara Hughes Gustavson sold 1.6 million shares of the company's stock in the open market between Nov. 19 and Dec. 9, according to a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.
The shares were priced from $77.00 to $80.58 each.
Between Aug. 26 and Sept. 11, the investors sold 3.1 million shares and kept a 12.5% stake, a prior SEC filing said.
With the sales, Hughes Gustavson now beneficially owns 19,740,121 shares, or 11.7%, of the Glendale, Calif., real estate investment trust, which operates self-storage facilities.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.