Schutte Stephen K 4
4 · DCT Industrial Trust Inc. · Filed May 26, 2010
Insider Transaction Report
Form 4
Schutte Stephen K
Senior Vice President
Transactions
- Conversion
Common Stock
2010-05-25+13,448→ 13,448 total - Conversion
LTIP
2010-05-25−13,448→ 80,927 total→ Common Stock (13,448 underlying)
Footnotes (2)
- [F1]13,448 of the Reporting Person's limited partnership interest ("LTIP") in DCT Industrial Operating Partnership LP ("DCTOP"), of which the Issuer is the sole general partner, were converted into common units of limited partnership interests in DCTOP ("Common OP Unit") and then were immediately converted into an equal number of shares of the Issuer's Common Stock.
- [F2]Represents LTIP units issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a Common OP Unit. Each Common OP Unit acquired upon conversion of a LTIP Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of Common Stock.