LANDS LUKE A 4
4 · PROLOGIS · Filed Jan 4, 2005
Insider Transaction Report
Form 4
PROLOGISPLD
LANDS LUKE A
Managing Director & Controller
Transactions
- Award
Performance Share Unit Award
2004-12-31+2,600→ 117,537 total→ Common Shares of Beneficial Interest (2,600 underlying) - Award
Dividend Equivalent Units
2004-12-31+2,856.102→ 120,393.102 total→ Common Shares of Beneficial Interest (2,856.102 underlying)
Footnotes (2)
- [F1]Units convert into common shares on a 1 for 1 basis. Share price on award date was $43.33. Award vests 100% on 12/31/06.
- [F2]Dividend Equivalent Units are earned and accrue on restricted stock and option grants pursuant to the ProLogis 1997 Long-Term Incentive Plan. The rate of vest and the expiration date is the same as the underlying grant. DEUs are converted in common shares on a 1 for 1 basis.