MEYER STEVEN K 4
4 · PROLOGIS · Filed Jan 4, 2005
Insider Transaction Report
Form 4
PROLOGISPLD
MEYER STEVEN K
President & COO - Europe
Transactions
- Award
Performance Share Unit Award
2004-12-31+10,000→ 371,996 total→ Common Shares of Beneficial Interest (10,000 underlying) - Award
Dividend Equivalent Units
2004-12-31+8,991.081→ 380,957.081 total→ Common Shares of Beneficial Interest (8,991.081 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.