SEIPLE JOHN W JR 4
4 · PROLOGIS · Filed Jan 5, 2005
Insider Transaction Report
Form 4
PROLOGISPLD
SEIPLE JOHN W JR
President & CEO-North America
Transactions
- Exercise/Conversion
Performance Share Unit Award
2005-01-03−16,900→ 550,613.23 total→ Common Shares of Beneficial Interest (16,900 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2005-01-03+16,900→ 38,762 total - Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2005-01-03+4,365.407→ 37,743.901 total - Tax Payment
Common Shares of Beneficial Interest, par value $0.01
2005-01-03$42.60/sh−5,383.506$229,337→ 33,378.494 total - Tax Payment
Common Shares of Beneficial Interest, par value $0.01
2005-01-03$42.60/sh−1,356.769$57,798→ 36,387.132 total - Exercise/Conversion
Dividend Equivalent Units
2005-01-03−4,365.407→ 546,247.823 total→ Common Shares of Beneficial Interest (4,365.407 underlying)
Footnotes (3)
- [F1]Automatic conversion of performance share unit award earned on 12/31/02. Units convert into common shares on a 1 for 1 basis.
- [F2]Payment of tax liaibility by reporting person to issuer pursuant to the conversion of performance share unit award and dividend equivalent unit award.
- [F3]Automatic conversion of dividend equivalent units. 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.