4//SEC Filing
Crosby Christopher James JR 4
Accession 0001181431-11-016939
CIK 0001297996other
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 8:35 PM ET
Size
19.9 KB
Accession
0001181431-11-016939
Insider Transaction Report
Form 4
Crosby Christopher James JR
SVP, Sales & Tech. Services
Transactions
- Exercise/Conversion
Common Stock
2011-03-07+15,002→ 15,002 total - Exercise/Conversion
Common Stock
2011-03-07$20.37/sh+3,334$67,914→ 3,334 total - Sale
Common Stock
2011-03-07$57.01/sh−15,002$855,264→ 0 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-03-07−3,334→ 0 totalExercise: $20.37Exp: 2015-11-08→ Common Stock (3,334 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2011-03-07−2,567→ 5,134 totalExercise: $41.73Exp: 2017-05-02→ Common Stock (2,567 underlying) - Exercise/Conversion
Common Stock
2011-03-07$41.73/sh+2,567$107,121→ 2,567 total - Exercise/Conversion
Long-Term Incentive Units
2011-03-07−15,002→ 43,298 total→ Common Stock (15,002 underlying) - Sale
Common Stock
2011-03-07$57.00/sh−3,334$190,038→ 0 total - Sale
Common Stock
2011-03-07$57.00/sh−2,567$146,319→ 0 total
Footnotes (7)
- [F1]Christopher Crosby converted 15,002 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 15,002 Common Units for 15,002 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 membership interests in the Operating Partnership, of which the Issuer is the general partner. Long-term incentive units receive the same quarterly distributions as Common Units. Long-term incentive units may initially not have full parity with Common Units with respect to liquidating distributions; however, upon the occurrence of specified events, long-term incentive units may achieve full parity with Common Units for all purposes, and thereafter vested long-term incentive units 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.
- [F3]Represents the average sale price. Exact sale prices range from $57.00 to 57.10.
- [F4]Twenty percent of the option shares vested on November 8, 2006; thereafter 1/60th vest monthly so that the option became fully vested on the fifth anniversary of the grant date.
- [F5]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.
- [F6]1 for 1.
- [F7]N/A
Issuer
Digital Realty Trust, Inc.
CIK 0001297996
Entity typeother
Related Parties
1- filerCIK 0001335788
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 8:35 PM ET
- Size
- 19.9 KB