STENSBY KENNETH N 4
4 · PROLOGIS · Filed Jan 4, 2005
Insider Transaction Report
Form 4
PROLOGISPLD
STENSBY KENNETH N
Director
Transactions
- Award
Phantom Stock
2004-12-31+418.776→ 40,499.776 total→ Common Shares of Beneficial Interest (418.776 underlying) - Award
Dividend Equivalent Units
2004-12-31+1,225.13→ 41,724.906 total→ Common Shares of Beneficial Interest (1,225.13 underlying)
Footnotes (2)
- [F1]The shares of phantom stock are for payment of Trustees fees. The phantom stock becomes payable in stock at the election of the reporting person. The phantom stock is convertible on a 1 for 1 basis into common shares of ProLogis.
- [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.