PSAPRU Public Storage, Inc

(a)

Name of Issuer

Public Storage Preferred Class Y

 

 

(b)

Address of Issuer’s Principal Executive Offices

701 Western Avenue

Glendale, CA 91201-2349

(a)

Name of Person Filing

Heitman Real Estate Securities LLC

 

 

(b)

Address of the Principal Office or, if none, residence

191 N. Wacker Dr., Suite 2500

Chicago, IL 60606

 

 

(c)

Citizenship

Delaware

 

 

(d)

Title of Class of Securities

Preferred

 

 

(e)

CUSIP Number

74460W842

(a)

¨

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

 

 

(b)

¨

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

 

 

(c)

¨

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

 

 

(d)

¨

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

 

 

(e)

x

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

 

 

(f)

¨

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

 

 

(g)

¨

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

 

 

(h)

¨

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

 

 

(i)

¨

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

 

 

(j)

¨

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

(a)

Amount beneficially owned:  990,700

 

 

(b)

Percent of class:  11.01%

 

 

(c)

Number of shares as to which the person has:  990,700

 

 

(i)

Sole power to vote or to direct the vote:  990,700

 

 

(ii)

Shared power to vote or to direct the vote: 0

 

 

(iii)

Sole power to dispose or to direct the disposition of: 990,700

 

 

(iv)

Shared power to dispose or to direct the disposition of: 0

(a)

The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):

 

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.