UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                    FORM 8-K

                                 CURRENT REPORT





                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

          Date of Report (Date of earliest event reported): May 1, 2007
                              PUBLIC STORAGE, INC.
             (Exact Name of Registrant as Specified in its Charter)


           California                    1-8389                  95-3551121
- -------------------------------  ------------------------    -------------------
(State or Other Jurisdiction of  (Commission File Number)    (I.R.S. Employer
         Incorporation)                                      Identification No.)


701 Western Avenue, Glendale, California                        91201-2349
- ----------------------------------------                        ----------
(Address of Principal Executive Offices)                        (Zip Code)

                                 (818) 244-8080
              (Registrant's telephone number, including area code)

Check the  appropriate  box below if the Form 8-K is intended to  simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions:

X    Written communication pursuant to Rule 425 under the Securities Act (17 CFR
     230.425)

|_|  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencements  communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))







ITEM 8.01         OTHER EVENTS

         As  disclosed  in our Proxy  Statement  for our 2007 Annual  Meeting of
Shareholders,  our board of  directors  has  unanimously  approved a proposal to
reorganize  Public  Storage from a California  corporation  into a Maryland real
estate investment trust.  Subject to shareholder  approval,  the  reorganization
will be accomplished  through the merger of Public  Storage,  Inc., a California
corporation (the  "Corporation"),  with and into Public Storage, a Maryland real
estate investment trust and wholly owned subsidiary of the Corporation that will
be the survivor of the merger (the "Trust").  Following the reorganization,  the
board of directors of the Corporation will serve as the board of trustees of the
Trust.

         We  intend  to make  the  following  corporate  governance  changes  in
connection with the reorganization:

         1) Cumulative  voting.  The bylaws of the Corporation permit cumulative
voting for the election of directors,  subject to certain  notice  requirements.
The  Declaration of Trust (the  "Declaration")  of the Trust  currently does not
permit  cumulative  voting.  We intend to amend the  Declaration of the Trust to
permit cumulative voting for the election of directors, consistent with Maryland
law.

         2) Special  Meetings  of  Shareholders.  The bylaws of the  Corporation
provide for special meetings of the shareholders to be called at any time by the
board, the chairman of the board,  the president,  or by the holders of not less
than 10% of the shares entitled to vote at the meeting.  The bylaws of the Trust
provide for special meetings of the shareholders to be called at any time by the
board or trustees,  or by the chairman of the board, or by the president,  or by
one or more  shareholders  holding shares in the aggregate  entitled to cast not
less than a majority of the votes at the meeting.  We intend to amend the bylaws
of the Trust to reduce the threshold for  shareholders to call a special meeting
to not less than 20% of the shares entitled to vote at the meeting.







                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: May 1, 2007


                                        PUBLIC STORAGE, INC.

                                        By:  /s/ Stephanie Heim
                                             -------------------
                                             Stephanie Heim
                                             Vice President