SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 24, 1997
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Public Storage Properties XVIII, Inc.
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(Exact name of registrant as specified in its charter)
California 1-10832 95-4336616
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification No.)
701 Western Avenue, Glendale, California 91201-2397
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (818) 244-8080
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N/A
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(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
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On June 24, 1997, Registrant was merged into Public Storage,
Inc. ("PSI") pursuant to an Agreement and Plan of Reorganization dated
as of April 9, 1997. In the merger, (a) the Registrant's outstanding
Common Stock Series A (2,775,900 shares) was converted as follows:
168,000 shares of the Registrant's Common Stock Series A owned by PSI
were cancelled, and the balance of the Registrant's Common Stock Series
A (2,607,900 shares) was converted into an aggregate of approximately
(i) 1,467,000 shares of PSI common stock (at the rate of 0.721 shares
of PSI common stock for each share of the Registrant's Common Stock
Series A) and (ii) $11,252,863 in cash (at the rate of $19.55 per share
of the Registrant's Common Stock Series A); and (b) the Registrant's
outstanding Common Stock Series B (324,989 shares) and Common Stock
Series C (920,802 shares), all of which were owned by PSI, were
cancelled. The amounts set forth above exclude, in each case, a
liquidating cash distribution of $.84 per share of the Registrant'
Common Stock Series A and Common Stock Series B.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements.
None.
(b) Exhibits.
(1) Agreement and Plan of Reorganization among PSI,
Registrant, Public Storage Properties XVI, Inc.,
Public Storage Properties XVII, Inc. and Public
Storage Properties XIX, Inc. dated as of April 9,
1997. Filed with PSI's registration statement on
Form S-4 (File No. 333-26959) and incorporated
herein by reference.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
PUBLIC STORAGE PROPERTIES XVIII, INC.
By: /S/ OBREN B. GERICH
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Obren B. Gerich
Vice President
Date: June 30, 1997
