Zerbst Robert H 4
4 · Digital Realty Trust, L.P. · Filed Apr 25, 2012
Insider Transaction Report
Form 4
Zerbst Robert H
Director
Transactions
- Award
Long-Term Incentive Units
2012-04-23+1,372→ 4,532 total→ Common Units (1,372 underlying)
Footnotes (3)
- [F1]Long-term incentive units are membership interests in Digital Realty Trust, L.P., a Maryland limited partnership (the "Issuer"), of which Digital Realty Trust, Inc. (the "General Partner") is the general partner. These units were fully vested on the the grant date. Long-term incentive units receive the same quarterly distributions as common limited partnership units of the Issuer ("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. (Continued in Footnote 2)
- [F2]Common Units will be redeemable for cash based on the fair market value of an equivalent number of shares of the General Partner's common stock, or, at the election of the General Partner, for an equal number of shares of the General Partner's common stock.
- [F3]N/A