Digital Realty Trust, L.P. 4
4 · Digital Realty Trust, L.P. · Filed Dec 5, 2014
Insider Transaction Report
Form 4
CARON DAVID
Senior Vice President
Transactions
- Exercise/Conversion
Common Units
2014-12-03+11,868→ 11,868 total - Exercise/Conversion
Common Units
2014-12-03−11,868→ 0 total - Exercise/Conversion
Long-Term Incentive Units
2014-12-03−11,868→ 95,328 total→ Common Units (11,868 underlying) - Exercise/Conversion
Common Units
2014-12-03−18,132→ 0 total - Exercise/Conversion
Common Units
2014-12-03+18,132→ 18,132 total - Exercise/Conversion
Class C Units
2014-12-03−18,132→ 2,037 total→ Common Units (18,132 underlying)
Footnotes (6)
- [F1]The reporting person converted Class C Profits Interest Units ("Class C 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., a Maryland corporation and general partner of the Issuer (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. 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