Public Storage director sells 4 million shares

By Lisa Kerner

Charlotte, N.C., Nov. 25 - Public Storage director B. Wayne Hughes and B. Wayne Hughes, Jr. sold a total of 4 million shares of the company's stock in the in the open market between Nov. 12 and Nov. 21, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

The Hughes beneficially own 23.2% of the company's shares outstanding.

Public Storage is a Glendale, Calif., real estate investment trust.

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