Digital Realty Trust, L.P. 4
4 · Digital Realty Trust, L.P. · Filed Mar 24, 2014
Insider Transaction Report
Form 4
Smith James M.
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Units
2014-03-07+1,089→ 1,089 total - Exercise/Conversion
Long-Term Incentive Units
2014-03-07−1,089→ 3,268 total→ Common Units (1,089 underlying) - Exercise/Conversion
Common Units
2014-03-07−1,089→ 0 total
Footnotes (4)
- [F1]The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of the Issuer and subsequently redeemed the Common Units for shares of the common stock of Digital Realty Trust, Inc. (the "General Partner"), the general partner of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Issuer.
- [F2]Long-Term Incentive Units are profits interest units in the Issuer. Profits interest units may initially not have full parity with Common Units with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of General Partner or, at the election of General Partner, for an equal number of shares of 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.
- [F3]1-for-1
- [F4]N/A