Crosby Christopher James JR 4
4 · Digital Realty Trust, Inc. · Filed Aug 4, 2010
Insider Transaction Report
Form 4
Crosby Christopher James JR
SVP, Sales & Tech. Services
Transactions
- Sale
Common Stock
2010-08-02$63.64/sh−992$63,131→ 0 total - Sale
Common Stock
2010-08-02$63.64/sh−940$59,822→ 0 total - Exercise/Conversion
Common Stock
2010-08-02+992→ 992 total - Exercise/Conversion
Common Stock
2010-08-02+940→ 940 total - Exercise/Conversion
Employee Stock Option (right to buy)
2010-08-02−3,333→ 3,334 totalExercise: $20.37Exp: 2015-11-08→ Common Stock (3,333 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2010-08-02−1,833→ 7,701 totalExercise: $41.73Exp: 2017-05-02→ Common Stock (1,833 underlying) - Exercise/Conversion
Common Stock
2010-08-02$20.37/sh+3,333$67,893→ 3,333 total - Exercise/Conversion
Common Stock
2010-08-02$41.73/sh+1,833$76,491→ 1,833 total - Exercise/Conversion
Class C Profits Interest Units
2010-08-02−992→ 22,540 total→ Common Stock (992 underlying) - Exercise/Conversion
Long-Term Incentive Units
2010-08-02−940→ 49,661 total→ Common Stock (940 underlying) - Sale
Common Stock
2010-08-02$63.68/sh−3,333$212,245→ 0 total - Sale
Common Stock
2010-08-02$63.68/sh−1,833$116,725→ 0 total
Footnotes (10)
- [F1]Represents the average sale price. Exact sale prices range from $63.66 to $63.78.
- [F10]N/A
- [F2]Twenty percent of the option shares vested on November 8, 2006; thereafter 1/60th vest monthly so that the option will be fully vested on the fifth anniversary of the grant date.
- [F3]Twenty percent of the option shares vested on May 2, 2008; thereafter 1/60th vest monthly so that the option will be fully vested on the fifth anniversary of the grant date.
- [F4]Represents the average sale price. Exact sale prices range from $63.66 to $63.71.
- [F5]Christopher Crosby converted 992 Class C Profits Interest 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 992 Common Units for 992 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.
- [F6]Class C Units are membership interests in the Operating Partnership of which the Issuer is the general partner. Class C Units that have satisfied the performance condition and achieved full parity with Common Units receive the same quarterly distributions as Common Units, and may be converted into an equal number of Common Units on a one-for-one basis at any time. Common Units will be 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. The Class C Units have achieved full parity with Common Units.
- [F7]Christopher Crosby converted 940 long-term incentive units into Common Units of the Operating Partnership, and subsequently redeemed the 940 Common Units for 940 shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
- [F8]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.
- [F9]1 for 1.