4//SEC Filing
Foust Michael F 4
Accession 0001181431-12-058675
CIK 0001297996other
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 8:06 PM ET
Size
12.8 KB
Accession
0001181431-12-058675
Insider Transaction Report
Form 4
Foust Michael F
DirectorCEO and Director
Transactions
- Exercise/Conversion
Class C Units
2012-11-12−20,848→ 0 total→ Common Stock (20,848 underlying) - Exercise/Conversion
Long-Term Incentive Units
2012-11-12−89,213→ 166,089 total→ Common Stock (89,213 underlying) - Exercise/Conversion
Common Stock
2012-11-12+20,848→ 95,395 total - Exercise/Conversion
Common Stock
2012-11-12+89,213→ 184,608 total
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 "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]The reporting person converted long-term incentive units into Common Units of the Operating Partnership, and subsequently redeemed the Common Units for shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
- [F4]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.
- [F5]1 for 1.
- [F6]N/A
Issuer
Digital Realty Trust, Inc.
CIK 0001297996
Entity typeother
Related Parties
1- filerCIK 0001307034
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 8:06 PM ET
- Size
- 12.8 KB