PROLOGIS 4
4 · PROLOGIS · Filed Jul 14, 2005
Insider Transaction Report
Form 4
PROLOGISPLD
SEIPLE JOHN W JR
President & CEO-North America
Transactions
- Award
Performance Unit Award
2005-07-13+18,000→ 556,542.877 total→ Common Shares of Beneficial Interest (18,000 underlying) - Award
Dividend Equivalent Units
2005-07-13+4,380.342→ 560,923 total→ Common Shares of Beneficial Interest (4,380.342 underlying)
Footnotes (2)
- [F1]Units convert into common shares on a 1 for 1 basis. Share price on award date was $41.89. Award vests 100% on the date of grant (7/13/05).
- [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.