4//SEC Filing
Digital Realty Trust, Inc. 4
Accession 0001181431-14-013802
$DLRCIK 0001297996operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 5:23 PM ET
Size
9.8 KB
Accession
0001181431-14-013802
Insider Transaction Report
Form 4
Smith James M.
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2014-03-07+1,089→ 26,032 total - Sale
Common Stock
2014-03-20$49.94/sh−6,093$304,313→ 19,939 total - Exercise/Conversion
Long-Term Incentive Units
2014-03-07−1,089→ 3,268 total→ Common Stock (1,089 underlying)
Footnotes (4)
- [F1]The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of Digital Realty Trust, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, 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.
- [F2]Long-Term Incentive Units are profits interest units in the Operating Partnership, of which the Issuer is the general partner. 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 the Issuer, 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.
- [F3]1-for-1
- [F4]N/A
Issuer
Digital Realty Trust, Inc.
CIK 0001297996
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001297996
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 5:23 PM ET
- Size
- 9.8 KB