LANDS LUKE A 4
4 · PROLOGIS · Filed Jan 3, 2006
Insider Transaction Report
Form 4
PROLOGISPLD
LANDS LUKE A
Managing Director
Transactions
- Award
Performance Share Unit Award
[F1]2005-12-31+3,000→ 132,198 total→ Common Shares of Beneficial Interest (3,000 underlying) - Award
Dividend Equivalent Units
[F2]2005-12-31+3,342→ 135,540 total→ Common Shares of Beneficial Interest (3,342 underlying)
Footnotes (2)
- [F1]Units convert into common shares on a 1 for 1 basis. Share price on award date was $46.72. Award vests 100% on 12/31/07.
- [F2]Dividend Equivalent Units are earned and accrued on restricted share units and option grants pursuant to the Long-Term Incentive Plan. The rate of vest and the expiration date is the same as the underlying grant. DEUs are converted into common shares on a 1 for 1 basis.
Signature
Kate M. Meade, Attorney-in-Fact on behalf of Luke A. Lands|2006-01-03