4//SEC Filing
Foust Michael F 4
Accession 0001181431-12-043589
CIK 0001297996other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 6:38 PM ET
Size
9.9 KB
Accession
0001181431-12-043589
Insider Transaction Report
Form 4
Foust Michael F
DirectorCEO and Director
Transactions
- Exercise/Conversion
Common Stock
2012-08-02+25,000→ 99,547 total - Sale
Common Stock
2012-08-02$76.50/sh−25,000$1,912,500→ 74,547 total - Exercise/Conversion
Class C Units
2012-08-02−25,000→ 20,848 total→ Common Stock (25,000 underlying)
Footnotes (5)
- [F1]The reporting person converted Class C Profits Interest Units ("Class C 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 Common Units for 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]Class C Units are membership interests in the Operating Partnership of which the Issuer is the general partner. Vested 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.
- [F3]Represents the average sale price. Exact sale prices range from $76.31 to $76.81.
- [F4]1 for 1.
- [F5]N/A
Issuer
Digital Realty Trust, Inc.
CIK 0001297996
Entity typeother
Related Parties
1- filerCIK 0001307034
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 6:38 PM ET
- Size
- 9.9 KB