Digital Realty Trust, Inc. 4
4 · Digital Realty Trust, Inc. · Filed May 19, 2008
Insider Transaction Report
Form 4
MAGNUSON RICHARD A
Director
Transactions
- Sale
Common Stock
2008-05-15$41.96/sh−200,000$8,392,000→ 0 total - Exercise/Conversion
Long-Term Incentive Units
2008-05-15−200,000→ 910,375 total→ Common Stock (200,000 underlying) - Exercise/Conversion
Common Stock
2008-05-15+200,000→ 200,000 total - Gift
Long-Term Incentive Units
2008-02-14−400,000→ 1,110,982 total→ Common Stock (400,000 underlying) - Gift
Long-Term Incentive Units
2008-04-25−607→ 1,110,375 total→ Common Stock (607 underlying)
Footnotes (7)
- [F1]Richard Magnason converted 200,000 long-term incentive units into common limited partnership units ("Common Units") of Digital Realty Trust, L.P., a Maryland Limited Partnership (the "Operating Partnership"), and subsequently redeemed the 200,000 Common Units for 200,000 shares of the common stock of Digital Realty Trust, Inc. (the "Issuer"), all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
- [F2]Long-term incentive units are profits interest units in the Operating Partnership. Vested profits interest units may be converted into an equal number of Common Units in the Operating Partnership on a one-for-one basis at any time. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
- [F3]Represents the average sale price. Exact sale prices, ranging from $41.87 to $42.17, are set forth on Exhibit 99.1 hereto.
- [F4]1 for 1.
- [F5]N/A
- [F6]This transaction involved a transfer by Mr. Magnuson of 400,000 Long-Term Incentive units to a trust for the benefit of Mr. Magnuson's spouse.
- [F7]Includes indirect beneneficial ownership of 400,000 Long-Term Incentive Units held in trust for the benefit of Mr. Magnuson's spouse.