4//SEC Filing
Digital Realty Trust, Inc. 4
Accession 0001181431-14-038137
$DLRCIK 0001297996operating
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 4:13 PM ET
Size
14.2 KB
Accession
0001181431-14-038137
Insider Transaction Report
Form 4
CARON DAVID
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2014-12-03+11,868→ 30,000 total - Exercise/Conversion
Long-Term Incentive Units
2014-12-03−11,868→ 95,328 total→ Common Stock (11,868 underlying) - Exercise/Conversion
Common Stock
2014-12-03+18,132→ 18,132 total - Sale
Common Stock
2014-12-04$68.46/sh−30,000$2,053,896→ 0 total - Exercise/Conversion
Class C Units
2014-12-03−18,132→ 2,037 total→ Common Stock (18,132 underlying)
Footnotes (7)
- [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 of which the Issuer is the general partner (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.
- [F2]Class C Units are membership interests in the Operating Partnership. 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]The price reported is a weighted average price. These shares were sold at prices ranging from $68.18 to $68.88.
- [F6]1-for-1
- [F7]N/A
Issuer
Digital Realty Trust, Inc.
CIK 0001297996
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001297996
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 4:13 PM ET
- Size
- 14.2 KB