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Public Storage directors sell 1.5 millions shares, keep 20% stake
By Lisa Kerner
Charlotte, N.C., March 13 - Public Storage directors B. Wayne Hughes Jr. and Tamara Hughes Gustavson sold 1.5 million shares of the company's stock in the open market between March 3 and March 10, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission on Friday.
The pair sold 1.99 million shares of the company's stock in the open market between Dec. 2 and Dec. 8, a prior SEC filing said.
With the sales, the Hughes now beneficially own 20% of the Glendale, Calif., real estate investment trust, which operates self-storage facilities.
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