4//SEC Filing
Schnur Steven W 4
Accession 0001062993-22-020573
CIK 0000783280other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 6:18 PM ET
Size
24.2 KB
Accession
0001062993-22-020573
Insider Transaction Report
Form 4
Schnur Steven W
Sr. Regional, EVP
Transactions
- Disposition to Issuer
LTIP Units
2022-10-03$51.88/sh−30,777$1,596,711→ 41,226 total→ Common Stock (30,777 underlying) - Disposition to Issuer
Common Stock
2022-10-03−2,006→ 0 total - Disposition to Issuer
LTIP Units
2022-10-03−6,867→ 0 total→ Common Stock (6,867 underlying) - Award
LTIP Units
2022-10-03+30,777→ 72,003 total→ Common Stock (30,777 underlying) - Disposition to Issuer
Units
2022-10-03−147,521→ 0 total→ Common Stock (147,521 underlying) - Disposition to Issuer
LTIP Units
2022-10-03−3,575→ 0 total→ Common Stock (3,575 underlying) - Disposition to Issuer
LTIP Units
2022-10-03−8,937→ 0 total→ Common Stock (8,937 underlying) - Disposition to Issuer
LTIP Units
2022-10-03−41,226→ 0 total→ Common Stock (41,226 underlying) - Award
Units
2022-10-03+59,929→ 147,521 total→ Common Stock (59,929 underlying)
Footnotes (11)
- [F1]Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 952 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.
- [F10]Represents Common Units of DRLP awarded in lieu of performance share plans units according to the terms described in footnote 9, upon meeting the change in control performance-based metrics, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
- [F11]Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 70,072 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
- [F2]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.
- [F3]Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 1,698 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
- [F4]Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 3,261 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
- [F5]Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 4,245 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
- [F6]LTIP Units awarded in lieu of performance share plan units and upon meeting the change in control performance-based conditions, 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 2 and have no expiration date.
- [F7]This award was canceled in the merger in exchange for a cash payment of $1,596,647.
- [F8]Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 19,582 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
- [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 0001730074
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 6:18 PM ET
- Size
- 24.2 KB