U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Security Capital Holdings S.A.
69, route d'Esch
L-1470 Luxembourg
2. Issuer Name and Ticker or Trading Symbol
Storage USA, Inc.
SUS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/96
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year* |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C> |
Common Stock |10/4/96|P | |20,000 |A |$33.00 |8,549,554 |D | |
| | | | | | | | | |
| | | | | | | | | |
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Common Stock |10/8/96 |P | |85,000 |A |$33.25 |8,549,554 |D | |
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Common Stock |10/9/96 |P | |44,500 |A |$33.25 |8,549,554 |D | |
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Common Stock |10/9/96 |P | |17,700 |A |$33.125 |8,549,554 |D | |
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Common Stock |10/11/96|P | |12,500 |A |$31.25 |8,549,554 |D | |
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Common Stock |10/22/96|P | |7,000 |A |$34.00 |8,549,554 |D | |
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Common Stock |10/22/96|P | |25,000 |A |$34.125 |8,549,554 |D | |
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Common Stock |10/25/96|P | |70,000 |A |$34.75 |8,549,554 |D | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
* Security Capital Holdings S.A. purchased shares of Common Stock of Storage
USA, Inc. in open market transactions on the dates, in the amounts and for
the per share prices listed in Table I above.
SIGNATURE OF REPORTING PERSON
/s/ Paul E. Szurek
DATE
Nov. 6, 1996
