FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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 *   SPOGLI RONALD P 2. Date of Event Requiring Statement (Month/Day/Year) 02/26/2010 3. Issuer Name and Ticker or Trading Symbol Public Storage [PSA] (Last) (First) (Middle) C/O PUBLIC STORAGE, 701 WESTERN AVENUE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) GLENDALE, CA 91201 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 Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Depositary Shares Representing Equity Stock 121,086 I By Trust (1) Depositary Shares Representing Equity Stock 14,420 I By IRA Rollover (2) Depositary Shares Representing Equity Stock 1,353 I By IRA (3) Depositary Shares Representing Equity Stock 18,000 I By Foundation (4) Depositary Shares Representing Equity Stock 14,200 I By LLC (5) Depositary Shares Representing Equity Stock 2,000 I By Wife (6) Depositary Shares Representing Equity Stock 1,400 I By Trust (7) Depositary Shares Representing Equity Stock 1,400 I By Trust (8)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy) (9)	02/26/2011	02/26/2020	Common Stock	15,000	$ 82.19	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SPOGLI RONALD P C/O PUBLIC STORAGE 701 WESTERN AVENUE GLENDALE, CA 91201	  X	Â	Â	Â

Signatures

/s/ Stephanie G. Heim, Attorney in Fact		03/04/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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 Ronald P. Spogli, as trustee of the Ronald P. Spogli Trust.
(2)	By a custodian of an IRA Rollover for benefit of reporting person.
(3)	By a custodian of an IRA for benefit of reporting person.
(4)	Shares owned by the Spogli Family Foundation.
(5)	RSF Private Investments LLC, of which the reporting person is the managing member.
(6)	By wife.
(7)	By Ronald P. Spogli, as trustee of the Katherine Ann Wardlaw Trust U/W.
(8)	By Ronald P. Spogli, as trustee of the William Michael Wardlaw Jr. Trust
(9)	New trustee stock options grant pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan; options vest in 3 equal annual installments beginning 1 year from date of grant.

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