Foust Michael F 4
4 · Digital Realty Trust, L.P. · Filed Nov 14, 2012
Insider Transaction Report
Form 4
Foust Michael F
DirectorCEO and Director
Transactions
- Exercise/Conversion
Common Units
2012-11-12+20,848→ 20,848 total - Exercise/Conversion
Common Units
2012-11-12−20,848→ 0 total - Exercise/Conversion
Common Units
2012-11-12+89,213→ 89,213 total - Exercise/Conversion
Common Units
2012-11-12−89,213→ 0 total - Exercise/Conversion
Class C Units
2012-11-12−20,848→ 0 total→ Common Units (20,848 underlying) - Exercise/Conversion
Long-Term Incentive Units
2012-11-12−89,213→ 166,089 total→ Common Units (89,213 underlying)
Footnotes (6)
- [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 "Issuer"), and subsequently redeemed the Common Units for shares of the common stock of Digital Realty Trust, Inc., a Maryland corporation (the "General Partner"), all in accordance with the requirements of the Limited Partnership Agreement of the Issuer.
- [F2]Class C Units are membership interests in the Issuer of which the General Partner 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 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. The Class C Units have achieved full parity with Common Units.
- [F3]The reporting person converted long-term incentive units into Common Units of the Issuer, and subsequently redeemed the Common Units for shares of the common stock of the General Partner, all in accordance with the requirements of the Limited Partnership Agreement of the Issuer.
- [F4]Long-term incentive units are profits interest units in the Issuer. Vested profits interest units may be converted into an equal number of Common Units 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 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, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
- [F5]1 for 1.
- [F6]N/A