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Prospect News home > News index > List of issuers P > Headlines for Public Storage, Inc. > News item
Published on 12/11/2008 in the Prospect News Special Situations Daily.

Public Storage directors sell 1.99 millions shares, keep 22% stake

By Lisa Kerner

Charlotte, N.C., Dec. 11 - Public Storage directors B. Wayne Hughes Jr. and Tamara Hughes Gustavson sold 1.99 million shares of the company's stock in the open market between Dec. 2 and Dec. 8, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

B. Wayne Hughes and B. Wayne Hughes Jr. sold 4 million shares between Nov. 12 and Nov. 21, a prior SEC filing said.

With the sale, the Hughes now beneficially own 22% of the Glendale, Calif., real estate investment trust.


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