Public Storage 1999 Annual Report Download - page 16

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14
(Amounts in thousands, except share and per share amounts) Preferred Stock Common
For each of the three years in the period ended December 31, 1999 Cumulative Convertible Stock
Balances at December 31, 1996 $ 718,900 $114,929 $ 8,837
Issuance of Preferred Stock, net of issuance costs:
Series J (6,000 shares) 150,000 — —
Issuance of Common Stock (14,376,218 shares) — — 1,438
Conversion of Convertible Preferred Stock into
Common Stock (2,363,901 shares) — (61,621) 236
Net income — — —
Distributions to shareholders:
Preferred Stock — — —
Common Stock, $0.88 per share — — —
Balances at December 31, 1997 868,900 53,308 10,511
Issuance of Common Stock (10,093,648 shares) — — 1,010
Conversion of Convertible Preferred Stock into
Common Stock (3,589,552 shares) — (53,308) 359
Repurchase of Common Stock (2,819,400 shares) — — (282)
Net income — — —
Distributions to shareholders:
Preferred Stock — — —
Common Stock, $0.88 per share — — —
Balances at December 31, 1998 868,900 — 11,598
Issuance of Preferred Stock, net of issuance costs:
Series K (4,600 shares) 115,000 — —
Series L (4,600 shares) 115,000 — —
Series M (2,250 shares) 56,250 — —
Issuance of Common Stock (15,320,505 shares) — — 1,532
Repurchase of Common Stock (4,589,427 shares) — — (459)
Net income — — —
Distributions to shareholders:
Preferred Stock — — —
Common Stock regular distribution, $0.88 per share — — —
Common Stock special distribution — — —
Balances at December 31, 1999 $1,155,150 $ — $12,671
See accompanying notes.
U B L I C T O R A G E ,N C . 1999 N N U A L RE P O R T
ONSOLIDATED STATEMENTS OF HAREHOLDERS’EQUITY