4//SEC Filing
Denien Mark A 4
Accession 0001062993-22-017185
CIK 0000783280other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 4:42 PM ET
Size
16.9 KB
Accession
0001062993-22-017185
Insider Transaction Report
Form 4
Denien Mark A
Chief Accounting Officer
Transactions
- Conversion
Units
2022-08-01−140,000→ 85,254 total→ Common Stock (140,000 underlying) - Sale
Common Stock
2022-08-03$62.13/sh−9,652$599,679→ 0 total(indirect: By 401(k)) - Conversion
Common Stock
2022-08-01+140,000→ 140,000 total - Sale
Common Stock
2022-08-03$62.13/sh−140,000$8,698,200→ 0 total
Holdings
- 63,114
LTIP Units
→ Common Stock (63,114 underlying) - 4,469
LTIP Units
→ Common Stock (4,469 underlying) - 10,724
LTIP Units
→ Common Stock (10,724 underlying) - 8,188
LTIP Units
→ Common Stock (8,188 underlying)
Footnotes (9)
- [F1]The Reporting Person redeemed 140,000 Common Units of Duke Realty Limited Partnership (DRLP), of which the Issuer is the general partner. Common Units are described in footnote 9.
- [F2]In addition to security ownership disclosed above in Table I, Reporting Person's beneficial ownership of company securities includes derivative LTIP partnership unit securities disclosed in Table II.
- [F3]Between February 14, 2022 and August 3, 2022, the Reporting Person acquired 12 shares of DRE's common stock under the Company's 401(k) Plan.
- [F4]Represents units of limited partnership interest (LTIP Unit) in Duke Realty Limited Partnership (DRLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive programs. When both earned and vested, each LTIP Unit will automatically convert into a Common Unit of limited partnership interest in DRLP. Each Common Unit acquired upon the conversion of an LTIP Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of the grant.
- [F5]LTIP Units vest in three equal installments beginning on February 10, 2021 and have no expiration date.
- [F6]LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
- [F7]LTIP Units vest in three equal installments beginning on February 10, 2023 and have no expiration date.
- [F8]LTIP Units awarded in lieu of performance share plan units, upon meeting the performance-based conditions and pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934. LTIP Units are awarded according to the terms described in footnote 4 and have no expiration date.
- [F9]Represents LTIP Units that have converted to Common Units of DRLP. Each Common Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of grant and have no expiration date.
Issuer
DUKE REALTY CORP
CIK 0000783280
Entity typeother
Related Parties
1- filerCIK 0001431678
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 4:42 PM ET
- Size
- 16.9 KB