WATSON ROBERT J 4
4 · PROLOGIS · Filed Jan 3, 2006
Insider Transaction Report
Form 4
PROLOGISPLD
WATSON ROBERT J
NA President & COO
Transactions
- Award
Performance Share Unit Award
[F1]2005-12-31+15,000→ 626,028 total→ Common Shares of Beneficial Interest (15,000 underlying) - Award
Dividend Equivalent Units
[F2]2005-12-31+20,593→ 646,621 total→ Common Shares of Beneficial Interest (20,593 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 Robert J. Watson|2006-01-03