0001567619-20-007898.txt : 20200413 0001567619-20-007898.hdr.sgml : 20200413 20200413201452 ACCESSION NUMBER: 0001567619-20-007898 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200413 FILED AS OF DATE: 20200413 DATE AS OF CHANGE: 20200413 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DUNBAR JENNIFER HOLDEN CENTRAL INDEX KEY: 0001280082 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10709 FILM NUMBER: 20789761 MAIL ADDRESS: STREET 1: C/O PS BUSINESS PARKS, INC. STREET 2: 701 WESTERN AVENUE CITY: GLENDALE STATE: CA ZIP: 91201 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PS BUSINESS PARKS INC/CA CENTRAL INDEX KEY: 0000866368 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954300881 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 701 WESTERN AVE CITY: GLENDALE STATE: CA ZIP: 91201 BUSINESS PHONE: (818) 244-8080 MAIL ADDRESS: STREET 1: 701 WESTERN AVE CITY: GLENDALE STATE: CA ZIP: 91201 FORMER COMPANY: FORMER CONFORMED NAME: PUBLIC STORAGE PROPERTIES XI INC DATE OF NAME CHANGE: 19930328 4 1 doc1.xml FORM 4 X0306 4 2020-04-13 0 0000866368 PS BUSINESS PARKS INC/CA PSB 0001280082 DUNBAR JENNIFER HOLDEN C/O PS BUSINESS PARKS, INC. 701 WESTERN AVENUE GLENDALE CA 91201 1 0 0 0 Common Stock 2020-04-13 4 M 0 67 58.82 A 67 D Common Stock 2425 I As Trustee Stock Option (Right to Buy) 58.82 2020-04-13 4 M 0 67 58.82 D 2010-05-03 2020-05-03 Common Stock 67 0 D On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anti-dilution provisions of PSB's 2003 Stock Option and Incentive Plan, an option for 2,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 69 shares of common stock. Ms. Dunbar exercised the option for 1,971 shares on November 4, 2019, 31 shares on November 5, 2019 and 67 shares on April 13, 2020. By reporting person and her husband as trustees of the Lilac II Trust. Stock Option granted pursuant to the 2003 Stock Option and Incentive Plan. The option vested in five (5) equal annual installments beginning one (1) year from date of grant. This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $60.82, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014. Joanne Wu, Attorney-in-Fact 2020-04-13 EX-24 2 poa_dunbar.htm
PS BUSINESS PARKS, INC.
SECTION 16
POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and appoints each of Nathaniel A. Vitan, H. Thomas Boyle, and Joanne Wu, or any of them signing singly, and with full power of substitution, the undersigned's true and lawful attorney‑in‑fact to:


 (1)
prepare, execute in the undersigned’s name and on the undersigned’s behalf, and submit to the U.S. Securities and Exchange Commission (the “SEC”) a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC;


(2)
execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of PS Business Parks, Inc. (the “Company”), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 
(3)
do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority; and


(4)
take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney‑in‑fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney‑in‑fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney‑in‑fact may approve in such attorney‑in‑fact's discretion.

The undersigned hereby grants to each such attorney‑in‑fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney‑in‑fact, or such attorney‑in‑fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.  The undersigned acknowledges that the foregoing attorneys‑in‑fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys‑in‑fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 18th  day of February, 2020.




/s/ Jennifer H. Dunbar
Jennifer H. Dunbar