XNYS:PSB PS Business Parks Inc Insider Activity 4 Filing - 10/9/2012

Effective Date 10/9/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HAVNER RONALD L JR
  2. Issuer Name and Ticker or Trading Symbol
PS BUSINESS PARKS INC/CA [PSB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
10/09/2012
(Street)

GLENDALE, CA 91201
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               193,584 I By Family Trust(1)
Common Stock               4,000 I By Foundation(2)
Common Stock               1,500 I By IRA(3)
Common Stock               2,500 I By IRA(4)
Depositary Shares Representing Series P Preferred Stock 10/09/2012   J(6)   46,772 D $25 0 I By Family Trust(1)
Depositary Shares Representing Series T Preferred Stock               1,000 I By IRA(4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)(5) $68.25             04/30/2013 04/30/2022 Common Stock 2,000   2,000 D  
Stock Option (right to buy)(5) $60.66             05/02/2012 05/02/2021 Common Stock 2,000   2,000 D  
Stock Option (right to buy)(5) $60.82             05/03/2011 05/03/2020 Common Stock 2,000   2,000 D  
Stock Option (right to buy)(5) $43.84             05/04/2010 05/04/2019 Common Stock 2,000   2,000 D  
Stock Option (right to buy)(5) $57.79             05/05/2009 05/05/2018 Common Stock 2,000   2,000 D  
Stock Option (right to buy)(5) $68.9             04/30/2008 04/30/2017 Comon Stock 10,000   10,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HAVNER RONALD L JR
C/O PS BUSINESS PARKS, INC.
701 WESTERN AVENUE
GLENDALE, CA 91201
  X      

Signatures

 /s/ Ronald L. Havner, Jr.   10/09/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) By a family trust of which the reporting person and his spouse are trustees.
(2) Shares owned by the Havner Family Foundation, of which Mr. Havner and his wife are co-trustees but with respect to which Mr. and Mrs. Havner disclaim any beneficial interest.
(3) By a custodian of an IRA for benefit of the reporting person.
(4) By a custodian of an IRA for benefit of the reporting person's wife.
(5) Stock options granted pursuant to the 2003 Stock Option and Incentive Plan; vests in 5 equal annual installments beginning 1 year from date of grant.
(6) The reported securities were called for redemption by the issuer at $25.00 per share.

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XNYS:PSB PS Business Parks Inc Insider Activity 4 Filling

PS Business Parks Inc XNYS:PSB Stock - Get Insider Activity SEC Filing of PS Business Parks Inc XNYS:PSB stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:PSB PS Business Parks Inc Insider Activity 4 Filing - 10/9/2012
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