Extra Space Storage Inc. Comments on CEO’s Recent Stock Transactions
SALT LAKE CITY, UT–(Marketwire - November 13, 2008) - Extra Space Storage Inc. (the “Company”)
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Woolley, has voluntarily sold 350,000 shares of the Company’s common stock.
Proceeds from the sales were used to partially pay down the outstanding
balance on a margin loan secured by Mr. Woolley’s common shares. The sales
were related to certain contractual obligations, although there has been no
default or margin call at this time. The amount of shares sold represented
approximately 15.5% of Mr. Woolley’s total holdings in the Company’s common
stock including operating partnership units. The outstanding balance on
Mr. Woolley’s loan is approximately $3.5 million after the sale of shares.
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